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Stated Income Loans and Matrix

guidelines and terms

 

 

- Stated Loan guidelines (residential)

 

LOAN GUIDELINES

(changing rapidly - email to confirm) 

Most States

CASHOUT – UP TO 70% LTV
PURCHASE – UP TO 75% ARV 
  OR 70% OF PURCHASE PRICE
PURCHASE AND REHAB
CROSS COLLATERALIZE OTHER PROPERTY
SHORT SALES
EVEN LONGER TERM TO 25 YEARS POSSIBLE

Geographic Area:

US - Population over 50,000

 

Property Type:

Residential (non-owner occupied), Commercial, Industrial, Land.

 

Loan Size: $60,000 Minimum-No Lending Limit/Cap (may go lower , will not loan on property worth less than 100,000
Loan Term:

Up to 30 years

3,5,7 year arms and 30 year fixed

Interest Rate: Interest Only-Varying depending upon LTV, Credit, Term, Etc.
Loan Origination Fee: 1-4 Point
Loan to Value:

Up to 80% on residential rehab.

(varies by property and location)

Bank statement program will go to 80% , Stated to 75%

 

 

Hard Money - Rehab Loans

up to 70% ARV

Final ARV determined by Project and Experience