Loan amount
$180,000
Loan type
Purchase
{Rent&Hold}
Property value
$230,000
{PP:$185,000}
LTV
78%
{LTV}
Property type
Single Family
Credit score
640
Deal experience
None
This loan scenario was submitted by a Broker
No
City
Winston Salem
State
Illinois
Purchase price
$185,000
Down payment
$5,000
Additional Loan Information
This is a home that I am purchasing to live in....a purchase and hold. To secure the deal, a traditional loan will take longer than the deal will allow. My plan is to do some immediate improvements and refinance the property within 2-3 months. Only interested in a short term loan of 3-6 months.
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
September 4, 2021 - 7:22pm
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