Loan amount
$143,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$150,000
{PP:$153,000}
LTV
95%
{LTV}
Property type
Single Family
Borrower Details
Credit score
640
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Janesville
State
California
Loan Details
Purchase price
$153,000
Down payment
$10,000
Additional Loan Information
Build equine amenities (2 stalls, roundpen), improve fencing to white vinyl ranch style, in 24 months refinance to a construction loan to include a manufactered home and sell for ballpark of 269,000. A reasonable comparison to local prices. Invludes under estimate for market fluctuations.
The credit we are working with is thin,not bad persay. I did lose my job in Nov. 2021. So i will not be on the papers. I did however pay all debts as soon as the moneies were available. The owner did say he would accept 40% and carry a second also.
The credit we are working with is thin,not bad persay. I did lose my job in Nov. 2021. So i will not be on the papers. I did however pay all debts as soon as the moneies were available. The owner did say he would accept 40% and carry a second also.
Status
Open
Created
March 15, 2022 - 7:52pm
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