Category Archives: Guidelines

Residential Loan Program guidelines

Recent Loan Approvals

Recent Loan ApprovalsAt Specialty Lending Group, we pride ourselves on our ability to get the tough loan applications approved and funded.

Focusing on customers that are seeking a loan approval, but have had difficulty with traditional lenders is what we do best:

Here are some of our recent Loan Approvals that we Funded:


Transaction Type:   Refinance (Cash Out)
Loan Amount: $191,000
Loan-to-Value: 82.33%
Credit Score: 505
Interest Rate Range: under 5.75% – 30 yr. fixed
Obstacles: Low credit score with little to no established credit. No positive open accounts showing, just collection and charge off accounts.


Transaction Type:   Purchase
Loan Amount: $288,000
Loan-to-Value: 90.00%
Credit Score: 561
Interest Rate Range: under 5.00% – 30 yr. fixed
Obstacles: Lower credit score with recent auto repossession, collections and charge off accounts.


Transaction Type:   Refinance
Loan Amount: $610,000
Loan-to-Value: 58.00%
Credit Score: 687
Interest Rate Range: under 5.625% – 30 Yr. Fixed
Obstacles: The borrower was elf-employed and could not prove income using tax returns. We were able to use his most recent bank statement and a letter from his CPA stating he was self-employed.


Transaction Type:   Purchase
Loan Amount: $405,000
Loan-to-Value: 95.00%
Credit Score: 573
Interest Rate Range: under 5.00% – 30 yr. fixed
Obstacles: Lower credit scores, multiple late payments and collections account within the past 12 months.


Transaction Type:   Purchase
Loan Amount: $335,000
Loan-to-Value: 80.00%
Credit Score: 518
Interest Rate Range: under 5.75% – 30 yr. fixed
Obstacles: Low 500 credit score with very little good credit history, mostly negative credit items from the past few years.


Are you ready to get started on your approval?

Call 800-607-1941 x220.

B BushPosted by: Brian Bush

Brian and his team have been funding Home Loans for over 26 years.
Since 1991, they have funded over 2,000 loans

You can reach Brian at 800-607-1941 x220 or bbush@slglends.com

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