| Your Information |
| The person
completing this form is: |
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| First Name: |
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| Last Name: |
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| Address Street: |
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| Address Street 2 as needed: |
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| City: |
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| Zip Code: |
(5
digits) |
| State: |
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| Your Contact Information |
| Daytime Phone: |
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| Evening Phone: |
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| Cell Number: |
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| Fax Number: |
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| Email: |
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| Transaction Information |
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Proposed Purchase Price: |
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| Proposed Down Payment: |
At
least 10% |
| Proposed 2nd Note amount: |
10%
needed |
| Proposed Sales or closing date (at
least 30 days from today) |
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Proposed Amount of the Note to
be sold at closing: |
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| First Payment Due Date (30 Days
after closing) |
12/01/2008
format |
| Proposed Term In Months: |
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| Proposed Interest Rate: |
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| Proposed Payment Amount: |
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| Is there a balloon payment due
on this note: |
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| Proposed Balloon payment amount
if any: |
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| Balloon payment date if any: |
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| Tell us about the Buyer |
| Payor's credit rating? |
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| Are any of the funds for the down
payment borrowed? |
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| If any Funds are Borrowed, How
Much? |
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| Property Information |
| Location State: |
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| Location City: |
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| Property County: |
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| Property Value: |
(USD) |
| Based on: |
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| Property Type: |
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| Owner Occupied: |
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| Items Needed for this transaction |
ITEMS REQUIRED TO COMPLETE THE TRANSACTION
- Our Quote Amount subject to complete
and approved documentation.
- True and corrected signed 1003
Residential Loan Application.
- An Original Appraisal;
Full appraisal with 4-5 interior photos provided by a State
Certified Appraiser. Naming the seller as the Lender.
- A paid Hazard Insurance Policy
due at closing naming Seller as loss payee.
- Title Commitment
naming the seller as proposed Mortgagee insured. Insured amount
must be for an amount equal to the 1st lien or greater.
- All documents: Bank Statements,
Credit Report, etc. must be updated thirty days prior of
the day of closing.
- Under 600 credit score
requires 12 months cancelled checks or money orders to verify
rent.
- Monthly income must be a minimum of
$1,600 and create a 50% Debt to Income.
- Special Assessments: All
unpaid assessments must be paid in full prior to or at closing.
- Title Company or their Appointed
Attorney shall prepare all mortgage and note documents for first
and/or second liens.
- Copy of buyer's Photo ID and
Social Security Card or W9.
- On credit scores below 600, Buyer's
last 2 pay-stubs and Bank Statements for last 2
months, last 2 years W2's or if self employed, the
last 2 years of tax returns.
Note:
The transaction needs to be structure in am 80-10-10 format.
10% down payment, 10% 2nd note (To be seller held and not
purchased by us) and an 80% LTV first lien to be purchased by
us. |
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| Marketing Information |
| Please Tell us how you found us: |
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| If via a search engine, can you
tell us what keywords you used? |
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