ATTENTION FUTURE HOMEOWNERS OR INVESTORS:
WE OFFER, PRIVATE, HARD MONEY, AND COMMERCIAL MORTGAGES.
LOOK AT THESE AMAZING PROGRAMS!!
FAST CLOSINGS! (10-21 DAYS) LOW DOCS (TAX RETURNS ARE NOT REQUIRED)
SEE BELOW!!
P&L LOANS:
BUSINESS OWNERS,YOU CAN NOW GET A MORTGAGE BASED OFF OF YOUR PROFIT AND LOSS STATEMENT ONLY!!:
THIS IS A GAME CHANGER!!
• CPA Prepared P&L Statements- No audit needed!
• Proof Business has been in operation for ;;::12 Months
• Loan Amounts up to $6 Million
• No 4506-T, Tax Returns, or Bank Statements needed!
• Gift funds OK
• Cash-Out up to $500K
• Primary, Second Home and Investment Properties allowed
See attached flyers for some of the MANY PROGRAMS THAT WE OFFER!!
FOR NON-PERMANENT RESIDENTS HERE'S ITIN MORTGAGES!!
These are first mortgage loans made to non-permanent resident aliens (immigrant families) recognizing the nontraditional savings, credit, and documentation characteristics of these families.
Program highlights:
• Loan purposes: Purchases, rate/term, or cash out refinances
• Occupancy: Owner Occupied – Primary residences only Collateral types: 1-4 family, townhomes, (PUDs),
condos, manufactured homes
• Max DTI 43% (exceptions up to 55% with certain compensating factors)
• Minimum loan amount is $100,000
• Gift funds are allowed only from family members
• Borrowers: Non-permanent resident aliens; natural persons with legal capacity
• Borrowers must be present at time of application and closing (face to face application only)
• Borrower must possess a valid ITIN card or IRS ITIN letter
• NO CREDIT SCORE IS REQUIRED, BUT WILL REQIURE A DOWN PAYMENT OF AT LEAST 25%
Fix and Flip Program:
• 1-4 unit properties, Non Warrantable condos are eligible
• Sales contract (purchase)or HUD (refinance)
• Construction budget (scope of work, materials, etc.
)
• Most recent 2 months Bank Statements
• 2 years' tax returns (wont determine eligibility).
• Must have an LLC, all entity documents (operating agreement, articles of corporation, ownership
breakdown).
• Driver's License
• 12-month interest only loan
• 75 LTV, up to 90% LTV, 100% ARV (after repair value)
• Minimum 600 credit score
• No Mortgage lates in last 24 months
Fix and Rent Term:
• Loans are for 30 year fixed, 5/1 and 7/1 ARM loans
• Current lease is needed for rental property
• 2 months most recent Bank Statements
• Sales contract (purchase or HUD (refinance)
• 75 LTV, up to 90% LTV, 100% ARV (after repair value)
• Must have an LLC(some exceptions will apply), all entity documents (operating agreement, articles of corporation, ownership breakdown).
• Driver's License
• Minimum 600 credit score
• No Mortgage lates in last 24 months
NO W-2'S OR TAX RETURNS REQUIRED!! THE RENTAL INCOME FROM THE PROPERTY CAN
DETERMINE ELIGIBILITY!
Commercial:
• Blanket Loans- When you can have multiple properties under one loan
• Churches- Purchase or Refinancing an existing building
• Gas Stations, Hotels, Mixed Use, and MANY MORE!! Call for more details
PLUS WE HAVE many CONSTRUCTION, FHA, FANNIE MAE, FREDDIE MAC, AND OTHER programs to help you either purchase a property or refinance an existing property!
• FHA
* 203K loans with unlimited amount of asset allocation for any home improvement or home addition project
(both full and streamline available)
* 1x close construction to perm
* Credit scores down to 500 (below 580 will be considered but very strict lending guidelines apply)
* FHA "Back to Work" program for borrowers who have an "economic" occurrence affect their credit
* FHA FIRST TIME HOMEBUYERS PROGRAM!!
* No cap on debt ratios (with AUS approval ONLY)
* BK7 less than 2 years out and FC/short sale less than 4 years out (with document verifying extenuating
circumstances)
* BK13 1 day out (with 12 month on-time payment history)
* $100 down HUD REO purchases
• VA and USDA--no limitations
* Manual underwrites down to 500 credit scores (very rare to be able to offer manual UW on these)
* Jumbo loans with no limitations other than VA and USDA approval for guarantees
* VA 1xclose construction to perm AND renovation loans
• Conventional--Fannie/Freddie
* Home Possible Renovation (Fannie Mae's version of the 203K) even available on investment properties
* Mortgage insurance options / lender-paid premiums, split premiums (the FHA comparison),
single-paid premiums, or monthly--also available down to 620 credit AND on investment properties
* Up to 10 financed properties for investor purchases
• Jumbo / Non-Conforming
* Jumbo Financing down to 580 credit scores and up to 95% LTV
* Jumbo Financing with only 5% down and NO mortgage insurance
Easy Online Application: https://jbaker.
crownhm.
com/loan/graphic-prequal
CALL 484-899-0350 TO GET STARTED!!
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