Loan amount
$135,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$230,000
{PP:$150,000}
LTV
59%
{LTV}
Property type
Multi-Family 1-4 Units
Borrower Details
Credit score
630
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Vicksburg
State
Mississippi
Loan Details
Purchase price
$150,000
Down payment
$15,000
Additional Loan Information
REO property. Online auction only. Cash only. Need quick approval. Auction is next week and I was unable to come up with the cash for it, so now trying other options. Hidden Reserve price from my last bid on it was at 135,400! I put 150k just to be proactive just in case. House is valued a lot more than asking. Also had two rental properties (apt) on site
Status
Open
Created
February 24, 2024 - 8:15pm
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