Hot Loan Product #7

Hot Loan Product

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:

  1. Borrowers Address Certification  Form Link
  2. Borrowers Cert of Business Purpose Loan Form Link 
  3. Borrowers hand written letter of Exit Strategy – need to incorporate items 1-3 below (required for most loans) 
    1.   Purpose of the loan
    2.  How the borrower can make payments on the new loan/ability to repay
    3. Exit strategy to pay off the loan
  4. Photocopy of valid ID
  5. If title to be held in Corporation/LLC    Articles of Organization/Incorporation – Operating Agreement/Bylaws
  6. Purchase Transactions – fully executed purchase contract
  7. Refinance Transactions – current mortgage statement
  8. If property is leased, provide lease agreements
  9. If property is leased and is more than 1 unit, rent roll Schedule of Real Estate Owned
  10. Insurance declaration page/quote for coverage or we can provide – just ask us
  11. 1003 Loan Application – use printed 1003 leave liabilities blank. 
  12. Credit report we will pull or if broker submitted need full 3 bureau – but we still have to pull it
  13. Borrower authorization Borrower’s Authorization
  14. Borrower authorization to run and pay for credit  Credit $ Authorization Form
  15. Borrower authorization To Wire Funds Authorization to Wire Funds
  16. SI form – Statement of Information SI Form – Statement of Information
  17. How do you want to hold title Vesting Form For Borrower
  18. Social Media disclosure Social Media Disclosure
  19. **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

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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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