STATED INCOME LOANS , RATES IN THE 6s and 7s!!!!!
| | Non-Owner Occupied SFR 2-4 Units Loan Amount $300,000 - $3,000,000 | Maximum Loan Amount | Purchase Rate / Term | Cash-out | | $1.0 Million | 55% | 45% | | $1.5 Million | 55% | 45% | | $2.0 Million | 50% | 45% | | $2.5 Million | 40% | 40% | | $3.0 Million | Call | Call | | |
| | | | Notes
· Credit profile must be excellent, Credit profiles less than excellent may be considered with extenuating circumstances.
· No Limit on number of Properties Financed.
· Generally, a FICO of 680, but exceptions are considered.
· Stated Income must be reasonable and consistent with the borrowers; profession, industry, or field of work. Liquid asset should be consistent with the income stated.
· Subordinate financing may be considered on a case-by-case basis.
· Exceptions made on case-by-case basis. | |
![image001[1]](cid:image001.jpg@01CA66D0.CDD8D210)
CAMILO MORENO
Mortgage Professional
Purchase Money Specialist
Great western Bancorp Inc.
6033 W. Century Blvd # 700
Los Angeles CA 90045
310 216 1700 ext 116
310 216 1750 Fax
www.gwbmortgage.com
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