Loan amount
$18,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$50,000
{PP:$19,000}
LTV
36%
{LTV}
Property type
Single Family
Borrower Details
Credit score
600
Deal experience
None
This loan scenario was submitted by a Broker
Yes
Property Details
City
SALEM
State
Illinois
Loan Details
Purchase price
$19,000
Down payment
$1,000
Additional Loan Information
I am at title with a purchase contract on an REO and need to do an A-B-C transaction. I am the wholesaler. I’m buying As-Is for Cash. A buyer has $1,000 and can pay $350 a month. She plans to live in it. I told her I’d look for a loan for her. Can you help? Thanks
Status
Open
Created
April 5, 2021 - 4:21pm
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