Loan amount
$235,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$290,000
{PP:$260,000}
LTV
81%
{LTV}
Property type
Single Family
Borrower Details
Credit score
620
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Portland
State
Oregon
Loan Details
Purchase price
$260,000
Down payment
$25,000
Additional Loan Information
I’m a realtor in Portland. The Property I’m interested in is listed at 290k, I think I can get it for about 240k, I need a proof of funds letter to submit offer. My plan is to use the remaining funds 20k for repairs to get renter ready in 2 mo. I’m looking for a 10 yr, interest only loan. I can pay closing costs.
Status
Open
Created
December 26, 2022 - 10:54am
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