- Revenue is stated and never verified.
- Buy, rate and term, or hard money loans los angeles money out refinance. Undocumented aliens with ITIN numbers usually are not allowed beneath this program.
- Documented capability to repay could also be relevant beneath certain situations.
- US residents, permanent resident aliens, and international nationals with legitimate passport and US visa are allowed.
- $5,000,000 most loan quantity.
- 500 minimal credit score rating required.
- Up to 65% mortgage-to-value for money-out refinances (see pointers).
- SFR, PUDs, condos, townhouses, and 2-4 models allowed.
- Proprietor-person, second dwelling or investment properties.
- Combined-use residential property with commercial influence allowed on case-by-case foundation.
- $100,000 minimum mortgage amount.
- Up to 70% mortgage-to-worth for purchases and price/time period refinances (see pointers).
- No reserves required.
- All loans require impounding of property taxes and hazard insurance coverage. - Property have to be positioned in the State of California.
- No prepayment penalty.
To download underwriting tips
for our hard cash loan program:
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