A.R.V. / L.T.V. Lending Criteria

A.R.V.: 65-70%   20% minimum down payment. Points determined by credit history and acquisition / 8%-12% interest  only/No Pre Payment Penalty 12-36 months / Required Documentation same as L.T.V. program. 3-5 days closing from approved appraisal and title search.

L.T.V. Lending Criteria

  • LTV: Up to 80% of the as-is value or the purchase price, whichever is lower
  • Rates: 9-12% interest only (no prepayment penalty)
  • Lender Origination Points: 3-6
  • Term: 12-24 Months
  • Collateral: Non-Owner Occupied Real Estate Only
  • Closing: Within 5 Business days from time of approved appraisal
  • Loan Type: Single Family, Multi-family, Bridge Loans, Real Estate Acquisition, Short sales, Construction Loans, REOs, and Bank-Foreclosed Residential Properties

Required Documents For Pre-Approval:

  • Past 2 yearsTax Returns (Form 4506-T)
  • Past 2-3 Months Bank Statements
  • Purchase & Sales Agreement
  • Personal Financial Statement (Attached)
  • Borrowers Authorization Form (Attached)
  • Appraisal Nation Payment Authorization Form (Attached)
  • List of rehab work needed and cost breakdown (if applicable)
  • LLC / C-Corp or S- Corp
  • comps / images and property summary

Documents are required for pre approval only. There will be other required documents that may be necessary to continue for underwriting and closing purposes.