Loan amount
$365,000
Loan type
As-Is Property Value
$565,000
LTV
65%
{LTV}
Property type
Single family home
Borrower Details
Credit score
787
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
West Virginia
Loan Details
Additional Loan Information
Initially need $10k to have as a deposit on a house for sale by auction (not foreclosure). Property is in great condition. Plan to sell existing home, which we occupy, then move in to the new home. After the deposit, we need bridge loan to purchase the house while we wait for our current home to sell. New home value is around $365K. Both properties located in Martinsburg WV. Current home is worth an estimated $200K and has a mortgage balance of $108K.
Status
Closed
Created
December 13, 2019 - 7:44am
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