Loan amount
$29,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$65,000
{PP:$30,000}
LTV
45%
{LTV}
Property type
Single Family
Borrower Details
Credit score
648
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Forest
State
Mississippi
Loan Details
Purchase price
$30,000
Down payment
$1,000
Additional Loan Information
Trying to get a home to start with. After paying it off, I plan to use it as collateral to purchase a property to raise cattle. I already have a property to purchase if approved. It has a 3 bed room 1bath house and a camper trailer on the property. The camper is a fixed building. It has been reinforced with wood overlap siding. It is a rental property. It draws 600$ a month profit. It sits on 1 acres of land.
I am self employed. My fiance is disabled and receives disability income. This will be a first time home purchase for me. I am praying that I will be given the opportunity to better our lives.
I am self employed. My fiance is disabled and receives disability income. This will be a first time home purchase for me. I am praying that I will be given the opportunity to better our lives.
Status
Open
Created
March 15, 2024 - 9:57pm
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