Summary
Short term financing with quick closing.
Qualifications
Minimum Down Payment
20% of sales price
Minimum Credit Score
500
Cash Flow Ratio
None calculated
Eligible Property Types
Single family residence, 1-4 unit, PUD’s, townhouse, condo, non-warrantable condo, condotels
Loan Amount
$100,000 to $8,000,000
Reserves
None
Occupancy Type
Investment Only
Vacancy
Can be vacant (will use appraisal rent schedule for rent amount or lease if property occupied)
Appraisal Transfer
Yes, we will accept appraisals from another company
Transaction Types Allowed
Purchase, refinance, and cash out
Sourced Funds
1-month bank statement