• Term: 20 year amortization. Adjusts every 5 years.
  • Lending areas: Dallas, Fort Worth Metro area
  • Type of loan: Purchase only, cash-out
  • ARV: Max. 70%. YES! Based on ARV, not purchase price!
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  • Points: 4
  • Fees: Fees for closing range from $600 to $900.
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  • Interest rate: 9.99%.
  • Payment terms: PITI, monthly
  • Credit score: Case by case
  • Pre-payment penalty: None
  • Minimum loan amount: $50,000. Some exceptions.
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    • Last 30 days bank statements
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    • 1003 credit app., available on request
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    • Credit report, all 3 bureaus with scores.
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