Loan scenario: CA, $117,000, 640, 60% LTV, Purchase, full, OO
Property type: SF
Loan purpose: Purchase
Purchase price is $217,000. Looking for a first deed of trust in the amount of $117,000. SFR in Fairfield, CA. Direct lenders only please. Buyer is exercising lease option and needs seasoning to refinance with conventional lender.
by kathyg December 13, 2012 7:44 PM
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by Michael Embry December 14, 2012 10:25 AM
Given the low FICO score, your client likely needs to go hard money. If so, I'd love to take a look at the file. With the changes coming to O/O financing due to Dodd Frank, it's more important than ever to get these loans in now before 2013.
Athas Capital Group is a DIRECT, Hard Money lender. We use our own funds and do not rely on individual investors to close your loans.
Initial Loan package:
- Broker Sub Form
- Credit Report
- Executed Purchase Contract
Call me with any questions.
Senior Account Executive
Individual NMLS #290322
Athas Capital Group NMLS #275237
877.877.1477 ext 206 Toll Free
26901 Agoura Rd. #250
Calabasas Hills, CA 91301
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24025 Park Sorrento Suite 150
Calabasas, CA 91302
License ID: 01876915
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