Outstanding New Loan Program Available for Real Estate Investors in Bend, Oregon
Market Niches WHO CAN BENEFIT?- People looking for a great deal for a primary, second home or an investment property
- First time home buyers allowed
- Non-Perm Resident Aliens are not allowed
- Non-Occupant Co-Borrowers are not allowed
- FHA requires UFMI & an annual MI premium
- Home Path only requires LPMI
- FHA only allows purchases on primary residences
- Home Path allows purchase options for primary, second & investment homes
- FHA requires a full appraisal on purchases
- Home Path requires no appraisal as the LTV is set by the purchase price
Underwriting Guidelines
LOAN LIMITS
- Conforming $417,000 (One Unit)
TERMS AVAILABLE
- 30 Year Fixed TRANSACTION PURPOSE
- Purchase Only
CREDIT
- 640 Minimum
PROPERTY ELIGIBILITY
- Condos, PUDS, SFR, Multi Family Dwelling are eligible for financing
- Maximum of 10 Property for owner occupied transactions
- 4 properties owned restriction for non-owner occupied and second home transactions
LTV / CLTV
- LTV is determined by sales price - no appraisal required
Minimal 3% Down Payment
- No minimum from the borrower
- Can be 100% Gifted
- Can be a Grant
- Can be a loan from a Nonprofit Organization, State or Local Government or Employer
Purchase Owner Occupied/ Purchase Investment Property
Appraisal Requirements
LTV DETERMINED BY SALES PRICE
- No Appraisal Required
Email for more details. . . . .
This loan program is offered through Aaron Myra of Bridge City Lending in Bend, Oregon.
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