Stated Income Loans, Private Money and NIVA HELOCs

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Mortgage and Lending - RT Capital Advisors, Inc. CEO
Home equity line of credit (heloc) no income verified-verified assets (niva) Owner-Occupied, Non-Owner Occupied and Second Homes, SFR’s, 2-4’s and Condos. Over 700 FICO needed Loan amounts from $150,000 – $1,000,000. Up to 70% LTV to $1,000,000 loans outstanding (including new HELOC) Starting at .5 floating over WSJ Prime in 1st position. 1.5 floating over WSJ Prime in 2nd position or paying off liens. 10 year draw period, 20 year amortization. Must provide proof of at least 6 months of PITIA reserves with a CPA Letter. No CPA Letter needed with 18+ months reserves. Available in all Counties of: CA, MA, MD, WA, IL,TX, NV, NJ and NY. Fees: Negotiable Home equity line of credit (heloc) stated income-verified assets (siva) Must provide proof of at least 12 months of PITIA reserves owning more than one property and with a borrower addressed VOD otherwise, 40 months of PITIA reserves. Owner-Occupied, Non-Owner Occupied and Second Homes, SFR’s, 2-4’s and Condos. 600+ FICO needed. BK and Lates OK after 1 year seasoning. Loan amounts from $150,000 – $5,500,000. Up to 60% LTV to $1,000,000 loans outstanding (including new HELOC) Up to 50% LTV to $5,500,000. 1 floating over WSJ Prime in 1st position. 2 floating over WSJ Prime in 2nd position or paying off liens. 10 year draw period, 20 year amortization. 3 monthly repayment options available interest only, .5% or 1.5% of outstanding Available only in: The NYC boroughs, CA (SF Bay Area, San Joaquin, Sacramento Counties and Southern CA) Las Vegas, King County WA, GA and MA Fees: Negotiable No income verified asset (niva) loan Investment and Owner-Occupied Properties. 680 mid FICO, SFR’s, 1-4’s, Condos and PUD’s 15 year fixed, 3, 5 or 7/1 ARMs Purchase: 70% LTV to 2M, up to 100% of the down can be gifted Refinance: 65% LTV to 2M Cash out: 60% to 1M, 50% LTV to 5M. Reserves as low as 6 months. No CPA Letter needed with 18+ months reserves. New on the Job or Business OK. Employer and income to be left blank on application with 18+ months reserves. Less than 30 days to close. No maximum number of properties financed or owned. No maximum acreage on non-agricultural properties. Foreign national ok, no Social Security or US status needed Available: CA, NV, WA, TX, GA, IL, MA, MD, NJ and NY. Fees: Negotiable Light documentation for business owners or employees Self-Employed for the last 2 years: Last year taxes are required or last 24 months bank statements averaged. Employees: No Taxes, only w2’s and paystubs for Primary Residence. 3, 5, 7 and 10/1 ARM’s, 15 and 30 year fixed. Owner-Occupied, 2nd homes and Investment properties, SFR’s and 1-4’s. LTV up to 80% for a purchase, Gift funds allowed. 70% rate and term or cash-out refinance. Minimum FICO 620. Available: Nationwide. Fees: Negotiable. Private money/private party loans for owner and non-owner occupied properties. Commercial and Residential Loans for purchase or refinance up to 80% LTV. Terms: 1, 2, 3, 4 or 5 year loans amortized for 30 or 40 years. NO minimum FICO score required. Choose a pre-pay period. 10 day close of escrow in CA. Investor Loans, REO financing, Interest only available. Any amount of properties allowed. Interest reserve options. Unlimited cash out. Bankruptcy/Foreclosure rescue OK. No title seasoning required. Available: Nationwide. Fees: Negotiable 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. ************************************************************************************************************************************************************ 1 year taxes or 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. ************************************************************************************************* The information furnished here is preliminary. This is not an offer nor a commitment to lend and shall not be construed as such. Loan products and loan conditions may be changed without notice. All private money loans offered in accordance and compliance with applicable 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.
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Rainmaker
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Bob Thompson 562.344.5626 Alternative Documentation

RT Capital Advisors, Inc.- Commercial/Residential
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