At Specialty Lending Group, we pride ourselves on our ability to get the tough loan applications approved and funded.
Getting your loan funded quickly and easily is what we do best:
Here are some of our recent Loan Approvals that we Funded:
Property Type: 3 Units (investment)
Transaction Type: Refinance (Cash Out)
Loan Amount: $600,000
Loan-to-Value: 44.41%
Credit Score: 616
Interest Rate Range: under 5.250% – 5 yr. fixed
Obstacles: Long time real estate investor with no provable income documentation and missing lease agreements. Below average credit.
Property Type: 2 Units
Transaction Type: Refinance (Cash Out)
Loan Amount: $191,000
Loan-to-Value: 82.33%
Credit Score: 505
Interest Rate Range: under 5.500% – 30 yr. fixed
Obstacles: Low credit score with little to no established credit. No positive open accounts showing, just collection and charge off accounts.
Property Type: 2 Units
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.
Property Type: Single Family (investment)
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.
Property Type: Single Family
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.
Property Type: Single Family
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.
Posted by: Brian Bush
Brian and his team have been funding Home Loans for over 28 years.
Since 1991, they have funded over 3,000 loans
You can reach Brian at 800-607-1941 x220 or bbush@slglends.com
