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Home Buying in 77498 : Real Estate Advice

  • All17
  • Local Info4
  • Home Buying4
  • Home Selling2
  • Market Conditions0

Activity 4
Tue Sep 29, 2015
Susie Kay answered:
Typically you are not responsible for the deductible but you will need to read your contract again.
0 votes 4 answers Share Flag
Thu Apr 18, 2013
Lender Line answered:
LENDERLINE is offering Stated Income Verified Assets (SIVA) loans at up to 80% loan-to-value in California only. Guidelines are as follows:

• Purchase, rate and term refinance, and cash-out refinance allowed.
• Single family residences, PUDs, condominiums, and 2-4 units allowed.
• Primary residence, second homes or investment properties allowed.
• U.S. citizens, permanent residents, and foreign nationals allowed.
• No prepayment penalty.
• Up to 80% LTV maximum. LTV is based on occupancy and loan amount.
• Up to $2,000,000 loan amount. Maximum loan amount is based on purpose of loan and occupancy.
• 700 minimum credit score for U.S. citizens and permanent residents.
• No credit scores are required for foreign nationals.
• No rental late payments during past 12 months.
• No mortgage late payments during past 24 months.
• No history of NOD, foreclosure, short sale, bankruptcy, or repossessions.
• No unpaid judgments, liens, or collections.
• Income stated on loan application must be reasonable for the position of employment.
• No tax returns, paycheck stubs, W-2, 1099 or 4506-T will be required.
• Self-employed or W2 allowed.
• No industry exclusions.
• Debt-to-income ratios cannot exceed 45%.
• Employment must be verifiable by a CPA or IRS enrolled agent (for self-employed) or verbal verification of employment (for W2) with no reference to income.
• 100% of the down payment may be gifted for primary residence.
• 6 months PITI reserves are required. Reserves must be seasoned for 2 months and come from borrower’s own funds.
• The SIVA loan program is available in every County in the State of California.

For more information contact:

LENDERLINE
5000 Birch Street, Suite 3000
Newport Beach, CA 92660
Toll-Free: (888) 661-7888
Website: www.lenderline.com
... more
0 votes 13 answers Share Flag
Tue Apr 17, 2012
Don Turner, GRI answered:
I sorry but this home sold 02/15/2012
I would be glad to show you others in the area, just drop me a call or email and I will get started.
Don Turner
713-478-1121
don@donturner.com
0 votes 3 answers Share Flag
Tue Apr 17, 2012
Don Turner, GRI answered:
No Problem give me a call or drop me an email and lets get started.
Don Turner
713-478-1121
don@donturner.com
0 votes 5 answers Share Flag
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