Refinance Lending Criteria

L.T.V. Lending Criteria

  • LTV: Up to 80% of the as-is value or the purchase price, whichever is lower
  • Rates: 12% interest only (no prepayment penalty)
  • Lender Origination Points: 3-4
  • Term: 12 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 Tax Returns (Form 4506-T)
  • Past 2 Months of Bank Statements
  • Title/Deed
  • Personal Financial Statement (Attached)
  • Borrowers Authorization Form (Attached)
  • Current Appraisal
  • List of rehab work needed and cost breakdown (if applicable)

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