Loan amount
$64,000
Loan type
Purchase
{Rent&Hold}
Property value
$135,000
{PP:$64,900}
LTV
47%
{LTV}
Property type
Condo
Credit score
620
Deal experience
1 deal
This loan scenario was submitted by a Broker
No
City
Chicago
State
Illinois
Purchase price
$64,900
Down payment
$1,000
Additional Loan Information
Need proof of funds letter, by Tuesday/Wednesday, to immediately purchase 3 bedroom 2 bath REO condo. Has $2400 in HOA arrears. Needs minor repairs. Seller is asking $64,900. Needs appproximately $5000-$7000 in repairs. ARV is $135,000. Offering $57,250. have signed rental agreement that must be executed in 60 days by July 15, 2023. I'd like to submit offer by Wednesday, 5/17/2023
Status
Pending review: Please check your email. We will be sending you follow-up questions, if needed. Be sure to check your spam folder.
Created
May 16, 2023 - 12:33am
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