Loan amount
$0
Loan type
As-Is Property Value
$550,000
LTV
0%
{LTV}
Property type
Single family home
Borrower Details
Credit score
710
Deal experience
17 deals
This loan scenario was submitted by a Broker
Property Details
State
Oregon
Loan Details
Additional Loan Information
We are selling our home in Portland (it's under contract) and buying one in Manchester County, Vermont (also under contract). We're seeking gap financing to cover the amount we need to close on the house. We can pay monthly and balloon in 24 months or sooner. Current home selling for $955K; owe $408K. Purchase price of new home $500K. Putting down $40K now, and $350K when our home closes. Owner-occupied. The closing on our current house is scheduled for mid-December and the new house for about two weeks later.
Status
Closed
Created
October 5, 2020 - 1:45pm
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