Loan amount
$29,500
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$110,000
{PP:$31,180}
LTV
27%
{LTV}
Property type
Single Family
Borrower Details
Credit score
548
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Pearce
State
Arizona
Loan Details
Purchase price
$31,180
Down payment
$2,000
Additional Loan Information
2649 sq ft Block Home, 3bd, 2.5 bth, 3 living areas, 1 car garage attached, 0.85 acre corner lot in Pearce Arizona 85625. We close on 06/15/2021, need financing ASAP! This home is in good condition and needs only minor repairs. We are going to do a total remodel to upgrade the property. Exit strategy is to refinance to a permanent loan. We have done this in the past with 3 other homes and sold them for twice the purchase price. We searched comp homes listed for sale in the same city Pearce Arizona and the same zip code 85625 and several homes listed for around $200,000 or more. We have pictures of the inside and outside of the house. I have screenshots of the comp homes for sale in the area. We have no other debt. Thank you and hope someone can help us out.
Status
Open
Created
June 11, 2021 - 4:37pm
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