Loan amount
$58,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$110,000 {PP:$108,000}
LTV
53% {LTV}
Property type
Single Family
Borrower Details
Credit score
740
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Saint Louis
State
Missouri
Loan Details
Purchase price
$108,000
Down payment
$50,000
Additional Loan Information
Hi! My wife and I are under contract for an investment prop in St Louis MO and are looking to secure financing. Here’s more info..

Single-family home, non-owner occupied, vacant.

Anticipated close date 2/17

Annual tax $1600
Annual insc $500
Projected monthly rents $1125-$1150

Offer signed at 108K. No rehab needed. Rent ready.

Looking for 30 year rental DSCR loan. My wife will be on the note, her Fico score is 740. Had 3 rental units pre 2010. Nothing since then.


Thanks!!
Status
Created
January 21, 2022 - 12:01am

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