All Forum Posts by: Upen Patel

If you are able to buy a property at least 15% under market value, buy it with your cash (not borrow from someone else), and the appraisal will confirm value then yes, you can end up buying it with just the closing cost.

@Chris Seveney Good to hear from you, been a while.

I do have a construction loan that could be use to fund the construction and then do a rate and term refi into the 2nd home portfolio loan. Call me when you get a chance and we can discuss.

@Cody Burckhardt As long as the cash for the purchase can be sourced, you can do a Delayed Cash-out Refi during the initial 6-months. As stated by others, the cash-out is limited to the lower of: Max allowed LTV OR purchase price + closing cost of initial purchase.

I have a portfolio loan for investor that will allow for 85% LTV (min FICO 720+) on a 1-4 unit. Can I do this delayed cash-out refi under the program. Reach out if you would like to learn more.

• *** For licensed Medical & Healthcare Professionals - ALL 50 States ***
• Loan limit
  • 0% down up to $1MM
  • 5% down up to $1.5MM
  • 10% down up to $2MM
• Can go down to 660 FICO - Will not affect rate
• 1-4 unit residential property
• NO MI
  
• Purchase or Rate and Term Refinance (Cash-out Refi - Max 80% LTV)
  
• Can use rental income to qualify
  
• Can close up to 90 days prior to start of new employment
  
• Excluded student loan payment deferred for 12 months or longer
  
• For New and Established professionals
  

If you would like to have a discussion, then please grab time on

You can submit your loan application at -

I lend in ALL 50 states!

**************************************************

Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender

• *** For licensed Medical & Healthcare Professionals - ALL 50 States ***
• Loan limit
  • 0% down up to $1MM
  • 5% down up to $1.5MM
  • 10% down up to $2MM
• Can go down to 660 FICO - Will not affect rate
• 1-4 unit residential property
• NO MI
  
• Purchase or Rate and Term Refinance (Cash-out Refi - Max 80% LTV)
  
• Can use rental income to qualify
  
• Can close up to 90 days prior to start of new employment
  
• Excluded student loan payment deferred for 12 months or longer
  
• For New and Established professionals
  

If you would like to have a discussion, then please grab time on

You can submit your loan application at -

I lend in ALL 50 states!

**************************************************

Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender

• As low as 5% down - min FICO 720
• Can go down to 660 FICO
  
• 1-unit residential property
  
• NO MI
  
• Loan limit
  • Conforming areas - $700K
  • High Balance areas - High Balance limit + $50K
    
• Purchase or Rate and Term Refinance (Cash-out Refi - Max 80% LTV)
  

If you would like to have a discussion, then please grab time on 

You can submit your loan application at - 

I lend in ALL 50 states!

**************************************************

Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender

• As low as 5% down - min FICO 720
• Can go down to 660 FICO
  
• 1-unit residential property
  
• NO MI
  
• Loan limit
  • Conforming areas - $700K
  • High Balance areas - High Balance limit + $50K
    
• Purchase or Rate and Term Refinance (Cash-out Refi - Max 80% LTV)
  

If you would like to have a discussion, then please grab time on

You can submit your loan application at -

I lend in ALL 50 states!

**************************************************

Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender

• As low as 15% down - min FICO 720
• Can go down to 660 FICO
  
• 1-4 unit residential property
  
• NO MI
  
• Up to Max county loan limit - Conforming & High Balance
  
• Purchase or Rate and Term Refinance (NO Cash-out Refi)
  

If you would like to have a discussion, then please grab time on

You can submit your loan application at -

I lend in ALL 50 states!

**************************************************

Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender

• As low as 15% down - min FICO 720
• Can go down to 660 FICO
  
• 1-4 unit residential property
  
• NO MI
  
• Up to Max county loan limit - Conforming & High Balance
  
• Purchase or Rate and Term Refinance (NO Cash-out Refi)
  

If you would like to have a discussion, then please grab time on

You can submit your loan application at -

I lend in ALL 50 states!

**************************************************

Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender

@Kevin Olson I do have a portfolio loan for investors - 15% down, 1-4 unit, full doc underwrite. I cover all 50 states. Reach out if you are interested to learn more.