Loan amount
$50,000
Loan type
As-Is Property Value
$115,000
LTV
44%
{LTV}
Property type
Single family home
Borrower Details
Credit score
685
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Georgia
Loan Details
Additional Loan Information
This is my primary residence since 10/2007. I need funds to finish renovation/repairs. I have materials and appliances ready to install. I also have a commitment on the permanent financing from USDA Rural Development once the work is completed - it is a low rate, and $71,949. I can send you the approval. Mortgage balance currently approximately $15.6K. ARV $115K. Located in Berlin, GA 31722. Flexible on loan term as long as there is no pre-payment penalty.
Status
Closed
Created
February 13, 2020 - 3:47pm
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