stated income mortgage on real estate investors and commercial owners

5
Gelt Financial Corp. Real Estate Investment and Commercial Stated Income Loan Program 215-947-2974

Upload: h-jack-miller

Post on 23-Jul-2015

162 views

Category:

Economy & Finance


0 download

TRANSCRIPT

Page 1: Stated Income Mortgage on Real Estate Investors and Commercial Owners

Gelt Financial Corp.Real Estate Investment and Commercial

Stated Income Loan Program

215-947-2974

Page 2: Stated Income Mortgage on Real Estate Investors and Commercial Owners

Program Highlights:

• Loan amounts from $100M-5MM

• 70% LTV on Commercial, 70% on NOO Residential

• Rates starting at 7.99%

• 30 year term/amortization *No balloon payment*

• No limit on cash out!

Downpayment or Equity

$250,000

Our

Funds

$750,00

0

PROJECT COST

$1,000,000

Page 3: Stated Income Mortgage on Real Estate Investors and Commercial Owners

Program requirements:

• 650 credit score

• Completed 1003 application

• Recent credit report (We can pull it for you!)

This is a stated income program which means we don’t require income verification!

Page 4: Stated Income Mortgage on Real Estate Investors and Commercial Owners

Time Line:

• Same or next day pre-approval

• Appraisal ordered same day as pre-approval signed

• Title work ordered same or next day

• Underwriting closing package while pending appraisal

• Funded in 2-4 weeks from signed pre-approval

Signed Approval

Appraisal TitleReview & Package

Funded!

Page 5: Stated Income Mortgage on Real Estate Investors and Commercial Owners

Targeted Borrowers:

• Full time investors

• Self employed investors

• Investors in need of a quick closing to save a deal

• Investors looking quick and simple cash out