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Real Estate Loans
We can help you with your real estate loans. We have
a in-house Mortgage Broker for
Palm Cove
Mortgage. Listed below are just some of the
loans we may help you with.
- Conventional - conforming loan to normal
standards with good credit. Usually minimum 5% down. Primary, 2nd home,
investment property, condo's, villa's etc.
- FHA - Government loan which is insured by
same. 3% minimum required investment. Credit not perfect on case by case
basis. No serious collection, liens, judgments, etc. Some medical
collections o.k.
- No Doc - Customer supplies only picture
i.d, social security card, address for pass 2 years. Must have impeccable
credit and show up with funds to close.
- No Ratio - Employed is verified but no
income is disclosed. Verify assets. Requires very good credit.
- Stated Income - Income stated and not
verified, assets are verified. Requires very good credit, 2 years minimum in
same field of work. Self-employed needs 2 years business license in same
field and area.
- HELOC - Home equity line of credit.
Requires good credit. Loan is against present residence ( primary ). Can go
up to 100% LTV. Money normally used to pay off high interest credit cards,
home improvements, purchase investment property, etc.
- Sub-prime Loans - Loans for people with
not so good credit. Can have some collections, lates, etc... graded on a
case by case basis. Can go up to 100% loan. Usually done on 2,3,5 year arm,
30 year rates available. All have pre-pay penalties.
- Lot Loans - Purchase lot with intention of
building in 3 years. Lot in platted subdv. Up to 10 acres. Amortized over 15
years for payment but due in 3 years. Requires good credit but sometimes no
need to verify income but need where income comes from and assets.
If you need more information on a real estate loan,
please fill out the information request form below.
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