Loan amount
$79,000
Loan type
As-Is Property Value
$150,000
LTV
53%
{LTV}
Property type
Single family home
Borrower Details
Credit score
765
Deal experience
4 deals
This loan scenario was submitted by a Broker
Property Details
State
Arizona
Loan Details
Additional Loan Information
Looking to purchase a single-family home in need of repairs. Drywall repair, carpet, flooring, doors. The home across the street is valued at $180,000.00, which is a similar home. This house is listed for $79K. We have remodeled four homes. Renovation budget $20K. 3-6 month timeline. We will fund renovations ourselves. Not yet in contract; need pre-qualification letter. Property located in Taylor, AZ. We are planning to live in the home. Our current home is on the market. Prefer a 15 year loan. Current home is worth $280K, owe $214K, not yet in contract to sell.
Status
Closed
Created
March 17, 2020 - 3:13pm
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