STATED REFINANCE
Residential Stated Refinance Loan Program
Term Summary
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Up to 75% LTV – Only 30 Days Seasoning Required
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Rates starting at 5.75%
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3-30 Year Fixed Loans Available – 30 Year Amortized
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Prepayment Penalty Varies (3 to 5 Years)
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Origination: 2% and Up
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660 Minimum Credit Score Required
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Loan Amounts - $100,000-$3,000,000 (Residential Only)
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Close in as little as 10 Business Days
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No Income, No Asset, No Employment Verification
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Limited Documentation Required to Fund
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Short Term Refi Options Available: 1-2 Year Bridge with No Penalty
**Flexible Term Structure and Funding of Loans
Greater flexibility often results in better outcomes. We can move quickly and base decisions largely on liquidation value of the collateral provided. Faster decisions mean you get funding quickly and can move on to your other business. Our typical long term funding process takes 15-21 days to close. We look to make sure market rents will cover the principal / interest payment, taxes and insurance plus a little extra income for the borrower. We also do not report these loans to credit agencies!