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.

Questions? 858-222-7534

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This is a manual underwrite program

Same day approval

Fund within 2 weeks

Purpose:

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

 80% LTV

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

Reference # 457060515