SMALL BALANCE FLEX MATRIX PROGRAM

 

LOANS: $500,000 - 10,000,000

LTV: 75-80%

RATE: 4-7%

CREDIT SCORE: 650+

 

PRIOR BANKRUPTCY OK (SIX MONTHS DISCHARGE)

MINIMUM NET WORTH: $1,000,000 +

 

NATIONWIDE FUNDING

CROSS COLLATERALIZE - MUST HAVE 80% EQUTIY

TERM: 10/20-10/30-15/25-20/30-30/30

 

EMPLOYMENT: MINIMUM TWO YEARS

DSCR: 1.30

 

DEDUCTIONS: 0.25 FOR EACH OF THE FOLLOWING

OVER 650 FICO

NET WORTH OVER $5,000,000

DSCR:  1.40+

 

REQUIRED DOCUMENTS

3 YEARS PERSONAL TAX RETURNS

3 YEARS CORPORATE TAX RETURNS

3 YEARS FINANCIALS

OLD APPRAISAL IF AVAILABLE