Yes, There are stated Residential & Commercial Loans out there with very good Rates! At e Money we have access to several Stated Products!
Mitch Valmer
949.836.5004-Direct
mitchv@emoneylending.com
Below are Guidelines/Rates/Terms for the sveral different Stated Products
(SIVA)
700+ FICO SIVA / O/O / S/E OR W2
1-4 Units / Condo / PUD
Refinance to 70% - $417K
Purchase to 70% - $417K
Purchase to 60% - $1.0MM
30/30 Fixed 5.150%
15/15 Fixed 4.500%
Cash-Out to $100K OK
Gift to 95% of Down Payment OK
6 Mos.+ Reserves are required
First time Home Buyer preferred
<All Counties within CA>
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O/O N/O/O SIVA HELOC for S/E or W2
$100,000 - $500,000 to 60% CLTV
Prime + 1.0% with 5.500% Start Rate
$500,000 - $1,000,000 to 60% CLTV
Prime + 1.0% with 6.000% Start Rate
18% Lifetime Cap
10 Yr. Draw – 15 Yr. Amortization thereafter
SFR, Condo, & 2-4 Units
N/O/O also available to 50% CLTV
$100,000 - $500,000
Prime + 1.5% with 6.000% Start Rate
18% Lifetime Cap
10 Yr. Draw – 15 Yr. Amortization thereafter
SFR, Condo, & 2-4 Units
<Southern CA Only>
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NINA / O/O Second Home or N/O/O (Purchase Only)
1-4 Units / Condo
50% to $2MM
3/1 Arm 5.250% P&I
5/1 Arm 5.500% P&I
7/1 Arm 6.000% P&I
Foreign National OK
Minimal Documentation
No minimum FICO however must be derog. free last 12-24 Mos.
<Orange, Los Angeles and San Bernardino Counties Only>
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720+ FICO O/O or Second Home for S/E only
$350,000 - $1,500,000
Max LTV 70%
5/1 Arm 3.350%
7/1 Arm 3.725%
10/1 Arm 4.350%
Depository Relationship is Required
Cash-Out OK
No Limit on Properties Financed
24 Mos. of PITI Reserves a must
No Seasoning Required on Refinances
Foreign National OK 70% to $1.5MM - 60% to $3MM
Nationwide
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SIVA 700+/- FICO O/O or 2nd Home
$250,000 - $3,000,000+
Max LTV 55%
5/1 Arm 4.250% / IO is Available
N/O/O add 0.750% to Rate
Cash-Out to $1,000,000 + OK
No Limit on Properties Financed
Cross Collateralizing Multiple Homes
Corp., LLC, Trust OK
18 Mos. of PITI Reserves a must
No Seasoning Required
Los Angeles and Orange Counties Only
