Loan amount
$120,000
Loan type
As-Is Property Value
$150,000
LTV
80%
{LTV}
Property type
Single family home
Borrower Details
Credit score
774
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Arkansas
Loan Details
Additional Loan Information
Property is currently under mortgage. Been offered first back up position on new home with option to remove contingency of sale of current home. Looking to bridge gap. Current home will be listed within 14 days at $155K. Current mortgage balance is $80K. Purchase price of the new home would be $265K. Existing property in Bryant, AR 72022, new property in Benton, AR 72019. Will be owner-occupied.
Status
Closed
Created
February 3, 2020 - 4:38pm
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