Loan amount
$200,000
Loan type
Purchase {Rent&Hold}
Property value
$285,000 {PP:$265,000}
LTV
70% {LTV}
Property type
Condo
Credit score
685
Deal experience
3 deals
This loan scenario was submitted by a Broker
No
City
Troy
State
Michigan
Purchase price
$265,000
Down payment
$65,000
Additional Loan Information
I have a 3 year commitment from a renter new to the area. I have identified this property as a good fit for my client. The contract will have two 1 year options also. Rental rate is $2,000 plus a down payment.
Status
Created
June 21, 2021 - 11:13am

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