Inherited Property Financing | 80% Loan-to-Value

This loan program is for people that have lost a family member and would like to keep the home.

This is a manual underwrite program

Same day approval

Fund within 2 weeks

Purpose:

  • Purchase
  • Refinance Rate & Term  R&T
  • Refinance - Cash Out

Maximum LTV - 80%

Future value can be used for LTV qualifying purposes

Underwriting Notes:

Credit:

This is not a credit or credit score driven loan

No minimum credit score required

Major credit events

  • Bankruptcy - OK
  • Foreclosure - OK
  • Short Sale - OK

Deferred Maintenance - OK

Debt Consolidation - OK

Debt-to-Income (DTI)

50% Maximum

Future Rental Income Considered on a Case-by-Case basis, Underwriter's Discretion

Home Improvement Cost can be included in the loan and paid out at the close of escrow

 

States:

Arizona | Alabama | California | Colorado | Florida | Georgia | Illinois | Louisiana | Maine | Maryland | Mississippi | Nevada | North Carolina | Oregon | Pennsylvania | South Carolina | Texas | Virginia | Washington

 

Reference # 457060515