Loan amount
$26,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$130,000 {PP:$130,000}
LTV
20% {LTV}
Property type
Single Family
Borrower Details
Credit score
623
Deal experience
1 deal
This loan scenario was submitted by a Broker
Yes
Property Details
City
Roanoke
State
Virginia
Loan Details
Purchase price
$130,000
Down payment
$104,000
Additional Loan Information
The client has the property under a land contract and he wants to purchase it now. The seller is willing to hold a second mortgage at 15%. The property doese not need any repair and is currently occupied generating $1,300 per month
Status
Created
February 6, 2024 - 11:31am

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