United States, emphasis in Florida
$50,000 to $3,000,000+
(LTV): Up to 75% LTV
Typically 7-10 business days
Interest only or amortized
Once the mortgage loan is in place and the home is determined to be properly valued and in good condition, a deal can be struck to buy the home. A closing date will be determined where you’ll sign the home sales contract, pay the seller, and get the keys to your home.
It’s a good idea to have your real estate agent or mortgage broker on hand to guide you through the closing cost process. They can point out any issues in the contract, and keep closing costs down to a manageable minimum.
Once the closing commences, you’ll officially own the home, and can move right in knowing that you’ve taken the right steps to buy your dream property — on your terms and to maximum financial benefit.
Call us today to get pre-approved 561-609-6699
Your credit score is low (Under 600)
Self-employed business owners
You do not claim all of your income on your tax return
Non-U.S. citizen and receive non-documented payments
You are unemployed and do not meet the income requirements for a traditional loan
Your debt to income ratio is poor
Despite its name, there are still some pieces of paperwork you will generally need to supply with this type of loan. For example, the lender may still require a credit report in order to determine your current credit score. In addition, the lender will want to get an appraisal of the home in order to make certain the amount of the loan is worth the value of the home. It is possible to obtain one of these loans without this paperwork as well, but it is generally much more expensive.
+1 (615)909-3641