10 Ways To Simplify Hard Money Loans
- Revenue is stated and not verified.
- Purchase, price and term, or money out refinance. Undocumented aliens with ITIN numbers should not allowed beneath this program.
- Documented means to repay may be relevant under certain situations.
- US residents, everlasting resident aliens, and international nationals with legitimate passport and US visa are allowed.
- $5,000,000 maximum mortgage quantity.
- 500 minimum credit score required.
- Up to 65% mortgage-to-worth for cash-out refinances (see pointers).
- SFR, PUDs, condos, townhouses, and 2-four units allowed.
- Owner-consumer, second home or funding properties.
- Combined-use residential property with business influence allowed on case-by-case basis.
- $100,000 minimal mortgage amount.
- Up to 70% loan-to-value for purchases and price/time period refinances (see tips).
- No reserves required.
- All loans require impounding of property taxes and hazard insurance coverage. - Property must be positioned within the State of California.
- No prepayment penalty.
To obtain underwriting pointers
for our onerous hard money loans sacramento loan program:
- Accessible as a 5/1 ARM or 7/1 ARM solely, amortized over 30 years.
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