NO DOC at 70% to 75% for the investment purchase or refi. This is for SFR, 2-4 Units, and Condos, Multi-Family, Mixed Use and Commercial. It is similar to a SISA.
Your Industries best 30 Year NO DOC LOAN. No Income – No Asset and No Reserves. Hot Loan Product #7.
NO DOC at 70% to 75% for the investment purchase or refi
Call it No Doc or Stated income Stated assets “SISA” Need a 650 for these rates. If you are below 650 no worries we have other programs that may fit for your loan scenario – just call us.
For 645 and below fico scores the rates are from 9% to 12.5% (based on equity) and terms up to 5 years. Call us for details.
This is a Nationwide product !
List of Forms & Documents Required:
- Borrowers Address Certification Form Link
- Borrowers Cert of Business Purpose Loan Form Link
- Borrowers hand written letter of Exit Strategy – need to incorporate items 1-3 below (required for most loans)
- Purpose of the loan
- How the borrower can make payments on the new loan/ability to repay
- Exit strategy to pay off the loan
- Photocopy of valid ID
- If title to be held in Corporation/LLC Articles of Organization/Incorporation – Operating Agreement/Bylaws
- Purchase Transactions – fully executed purchase contract
- Refinance Transactions – current mortgage statement
- If property is leased, provide lease agreements
- If property is leased and is more than 1 unit, rent roll Schedule of Real Estate Owned
- Insurance declaration page/quote for coverage or we can provide – just ask us
- 1003 Loan Application – use printed 1003 leave liabilities blank.
- Credit report we will pull or if broker submitted need full 3 bureau – but we still have to pull it
- Borrower authorization Borrower’s Authorization
- Borrower authorization to run and pay for credit Credit $ Authorization Form
- Borrower authorization To Wire Funds Authorization to Wire Funds
- SI form – Statement of Information SI Form – Statement of Information
- How do you want to hold title Vesting Form For Borrower
- Social Media disclosure Social Media Disclosure
- **To expedite your file organize documents in adobe format “.pdf”.
Abbriviated List Of The Most Popular Loans We Offer :
If you like fast, honest answers call us or fill out the loan request form .
DRE 01105429 (NMLS# 469849) | Phone: 310-737-8420 | Fax: 310-496-6196
Equity Development | 22287 Mulholland Highway Suite 198, Calabasas CA 91302
Want to be a part of our syndicate?
Partner with the best. We buy homes and fix and flip them too. We use our loan programs. Min investment $10K. Turn time is usually less than 12 months. Returns on your investment are usually 45% to 85% within a 12 month period. See prospectus for specifics.
If interested contact us or call 310-737-8420
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