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Other Details:
At a Glance
Minimum Down Payment
Varies. Largely depends on the amount of equity in the old home.
PMI
None
Minimum mid-credit score
No score minimum; however credit history must be deemed acceptable.
Min/ Max Loan Amount
$100,000 - $6.5 Million
Loan Repayment Terms
Interest-Only for 11 months
Collateral
Property purchasing, Property selling, or Both (cross-collateralized)
Prepayment Penalties
None
HAVE A QUESTION?
KEY FEATURES
LOAN SIZE LIMITS
$100,000 - $6.5 Million
ACCEPTABLE HOME TYPES
OCCUPANCY
* Note: a property will be automatically be considered an investment property if any of the following apply:
This is not a commitment to lend. Not all borrowers will qualify for the loan programs listed. All program terms and conditions are subject to change and may be discontinued without prior notice. Contact loan originator for program questions and scenarios.