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Purchase Loan in California

  • Posted on November 11, 2017
  • Status: Active ?

Loan & Collateral

Loan TypePurchase
Security1st Mortgage
Loan Amount$425,000
Collateral Value$550,000
Available Downpayment$40,000
Calculated LTV77% ?
CityMission Viejo
StateCalifornia
Property TypeResidential

Exit Strategy

After closing, will utilize a No Doc Home Refinance with cash out ($75,000). My property management representative will manage the rental.

Loan Proceeds

No Doc Loan w/ interest only option, no prepayment penalty, no escrows for taxes and insurance, no (4506, 4506t and 8821) and no down payment - used for rental purchase.

Borrower

ApplicantSabrina Brown
Agency?Borrower
Credit Grade Please login to access.
Phone Number Please login to access. (Only available to registered lenders)