Loan amount
$300,000
Loan type
As-Is Property Value
$400,000
LTV
75%
{LTV}
Property type
Single family home
Borrower Details
Credit score
580
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Alabama
Loan Details
Additional Loan Information
Build new house for primary residence. Already own the land. Purchased for $89,500 in August of 2019. No loans against the land. ARV $400K. Located in Crane hill Al on Smith Lake. House will be 2900 sq ft, 3 bedrooms 3 baths. Lot ready to build; dirt work already done and paid for. Extra $12,000 paid.
Status
Closed
Created
October 22, 2019 - 3:48pm
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