Stated Income Loans, Private Money and NIVA HELOCs

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Mortgage and Lending - RT Capital Advisors, Inc. CEO
1) (NIVA) Home Equity Line of Credit (HELOC) No Income Verified - Verified Assets Owner-Occupied, Non-Owner Occupied and Second Homes, SFR's, 2-4's and Condos. 620+ FICO needed. 700+ FICO 3.88% rate for the first 6 months. Loan amounts from minimum of $150,000 - $5,500,000. 70% LTV to $1,000,000 loans outstanding (including new HELOC) 50% LTV to $5,500,000. Interest only start rate for the 10 year draw period, 20 year amortization. Starting at 1 floating over WSJ Prime in 1st position on free and clear properties or 2 floating over WSJ Prime in 2nd position. Interest only start rate for the 10 year draw period, 20 year amortization. 18% lifetime cap. Must provide proof of at least 12 months of PITIA reserves. Available: CA, NV, WA, IL, GA, MA, NJ and NY. Fees: 2.5 points + $995 processing at the close of escrow. ************************************************************************************************************************************************************ Hedge Fund, Stated Income-Stated Asset (SISA) Loan Product for Residential or Commercial 2) Stated Income, Stated Asset Purchase or Refinance Loan, Loan Amounts to $2,000,000. Loans for Non-Owner and Investment properties up to 75% LTV. Terms: 3 and 8 yr. ARMs - fixed then adjustable for remainder of 30 years. Rates from 7.99% and 2 points. 600 minimum FICO score required. 21 day close of escrow. Interest reserve options. 1 year Investor FIX and Flip and REO financing - no min FICO! Any amount of properties allowed In Bankruptcy or Foreclosure OK. Unlimited cash out. No title seasoning required. Available: Nationwide. Fees: 2 points in the transaction. ************************************************************************************************************************************************************ Alternative Documentation (ALT-Doc) Loans 3) (SIVA) 12 Month Bank Statement Averaging, 1 Year Taxes or Asset Amortization Loans for Business Owners. No Taxes, w2's or executed 4506T are required. Minimum FICO score is 620. Must be Self-Employed for at least the last 2 years. Realtors are considered self-employed. 3, 5, 7 and 10/1 ARM's, 30 year fixed. Owner Occupied and Non-Owner Investment properties, SFR and 1-4’s. Loan to value up to 80% for a purchase, rate and term or cash-out refinance to 4M. Interest only payment available. Qualifying: Using the Borrower’s last 12 business bank statements, we average the gross deposits, draws and wires from your business and use that as the income to qualify at 45% DTI based on deposits and debts on the credit report. We need proof of 9 months PITIA reserves for the subject property seasoned in the bank for 60 days on Owner Occupied and 12 months’ reserves on all debt on Non-Owner properties. Available: Nationwide. Fees: 1.5 points in a Holding Escrow*. ************************************************************************************************************************************************************ 4) No Income-Verified Assets for Owner-Occupied Properties (NIVA) 680 Mid Fico, SFR's 1-4 units, Condos and PUDs (must be warrantable) Terms: 15 yr fixed, 3/1 and 5/1 ARM's from 5% Purchase: 70% LTV to $1.5M, 100% of down payment can be gifted Refinance rate and term 70% LTV to 1.5M Refi with cash out 65% LTV to 1.5M Reserves as low as 6 months No max properties owned or financed, no max acreage. Foreign buyers OK Less than 30 days to close Available: CA, TX, WA, IL, NY and NJ. Fees: 2.5 Points + $845 at the close of Escrow. ************************************************************************************************************************************************************ Private Money to 80% LTV - Close Escrow in 10 days 5) Private Money Loans for Non-Owner Occupied properties. Commercial and Residential Loans for purchase or refinance up to 80% LTV. Terms: 1, 2, 3 or 4 year loans amortized for 30 or 40 years. Rates from 7.99% and 2 points. NO minimum FICO score required. 7-10 day close of escrow. FIX and FLIP Investor loans REO financing. Interest only available. Any amount of properties allowed. Interest reserve options. Unlimited cash out. In Bankruptcy or Foreclosure OK. No title seasoning required. Available: Nationwide. Fees: 2 points in the transaction. Requirements and Documentation: Complete the loan application, leaving the income section blank, initial, sign, date and return. Provide copies of Driver’s License and Social Security card. Send copies of the Bank Statements (Last 2 for HELOC, 12 for Bank Statement program), Mortgage Coupon, Insurance Declaration page and Purchase Agreement, if purchase. We will provide a Loan Marketing Agreement and Escrow Instructions, to be fully executed and returned. Please scan in pdf format, label in numerical order and email all documents. ************************************************************************************************************************************************************HELOC: Last 2 months Bank/Asset statements showing at least 6 months of PITIA reserves. No bankruptcies, mortgage lates, foreclosures, short sales, deed-in-lieu or loan mods on credit history in the past 2 years allowed. Borrower can open a deposit account with the Bank (FDIC insured) and enroll in auto-pay for the mortgage payment and get up to .5% rate reduction with an initial draw of at least 50K. ************************************************************************************************************************************************************ 12 Months Bank Statements: Last 12 months Bank or Asset statements showing 6-12 months of mortgage payment reserves. Credit will be pulled at the Bank and must be derogatory free last 12 Months. No bankruptcies, short sales, deed-in-lieu or loan mods on credit history in the past 5 years allowed, foreclosures (7 years). ************************************************************************************************************************************************************ Lender Fees: Fees vary by institution, all loans have separate non-refundable cost of appraisal and credit report +/- $550. ************************************************************************************************************************************************************ *Holding Escrows: On occasion a Holding Escrow may be established in the borrowers' name with an Independent Licensed Escrow Company and funded beforehand and are fully refundable in the event of no close of escrow. CA cash-out transactions typically do not require a holding escrow. ************************************************************************************************************************************************************ The information furnished here is preliminary. This is not an offer nor a commitment to lend and shall not be construed as such. Rates, terms, loan products and loan conditions may be changed without notice, example of rates as of 2/14/19 on a California refi loan amount of $488,000 with a 740 FICO and 80% LTV, 5.125%/5.25% APR. All private money loans offered in accordance and compliance with CalBRE regulations. Please request licensing matrix for compliance. Stated loans are provided to, and conform with applicable state laws regarding commercial lending transactions for business purposes. All loan transactions are subject to the submission of a formal application, appraisal, underwriting, and written lender approval. Loan approval terms may vary by asset type and borrower credit worthiness. Insurance acceptable to the lender on subject property is required to be maintained on the subject property for the duration of the loan. **80% of appraisal *** with qualifying account at the bank, auto-pay and 50K initial draw it is .5 or 1.5% over prime.
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Bob Thompson, 562.344.5626 | Stated Income & HELOCs

RT Capital Advisors, Inc.- Commercial/Residential
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