Here are the criteria for the NO RATIO INCOME, VERIFIED ASSETS
purchase and refinance (rate & term or cash out), no rehab
Loan program:
TRTY Nationwide (Not: AL, AZ, HI, MI, OH, SD, WV, VT)
AMNT $100K - $3M
LTV Up to 75%
INT 7.5 - 11.5%
PTS 2 - 3
TRM 3 – 5 – 10 / 30 yr amort.
PPP Fixed Rate Period
CRDT Min 650 middle
Property Types: Apartments Retail No Residential
Mixed Use Self Storage (1 – 4 Unit)
Mobile Home Parks Warehouse
Office
Properties Financed: No Limit
Ownership Seasoning: None
Borrowers: No Foreign Nationals
Closings: 45 - 60 days from loan submission
Preliminary
Documents: 1003
P & S Agreement
Deposit Receipt (or check, front & back)
MLS Listing or Photos
Credit Report
Driver’s License & SS card (Passport for Foreign National)
Business License & CPA Letter (2 years for self employed)
3 months bank statements
2 years tax returns
Rent Roll
Resume
