Builders, Hear the Word of the Lord:
The Lord shall command the blessing upon you in your storehouse
and in all that you undertake. And He will bless you in the land
which the Lord your God gives you. Deuteronomy 28:8
NOW.
Builders! Investors! Owner Builders! Commercial!!
SELL YOUR INVENTORY NOW! BUILD PRE-SOLDS!
INVESTORS BUY RENTALS!!!
BUY, SELL, BUILD!
OWNER BUILDERS!!!
ANY WAY YOU CAN IMAGINE, WE CAN DO THIS!!!
COMMERCIAL, SINGLE FAMILY, MULTI-FAMILY
BAD CREDIT IS NO PROBLEM!
AWESOME PROGRAM!!!
10-DAYS TO CLOSE!!
Click Here! |
STATED INCOME SPEC LOANS!!
That's Right! They're BACK!
Stated Income Spec Home Loans
| NON Owner Occupied |
1 |
2 |
3 |
| Maximum LTV |
60% |
60% |
60% |
| Maximum LTC |
75% |
70% |
70% |
| Credit Score |
780 |
740 |
700 |
| Rate |
4.99% |
5.99% |
6.99% |
| Discount Points |
4-points |
4-points |
4-points |
| Term |
9-Months |
9-Months |
9-Months |
| Rate Adjustment after 6-months + 3% |
| $400,000 Maximum. 1-2 units stick-built only.
No land payoff, no subordination.
Land value not included in cost calculations (LTC). Add 1% additional discount point to fee for completion requests (no debt payoffs).
All non-owner occupied requests require a satisfactory business plan.
Appraisal based on maximum five acres with close, recent and similar sold comparables; non-rural. So, basically, if you own your land and you have at least a 700 score (or know someone who does!) and 25-30%
of the costs to build you're GOOD! Lending in All 50 states and the District of Columbia, with the following exceptions: No loans offered in AR, SD.
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FOUR SPEC LOAN PROGRAMS!
Choose one that's RIGHT FOR YOU!
CALL NOW FOR INFORMATION!
(832) 232-3756
#1:SPEC LOANS :
ONLY 10% DOWN**!
No Ratio Loans! Just Show Income Taxes to Qualify! |
65% Loan to VALUE!
Down Payment = 10% of Loan Amount!
LOT EQUITY OR CASH FOR 10% DOWN!
NO Minimum Credit Score!**
NO Maximum Loan Amount!
Cross Collateral Allowed!**
Closing Costs in the Loan!**
Interest Reserve in the Loan! |
12-15% Rate, 10+ Discount Points
Must Qualify for Permanent Financing at
20% above Project LTV**
Must have Vested Interest in Project**
12-24 Month Term
SPEC House or RENTAL!
EXAMPLE: Note Rate 13%
Annual Percentage Rate 20.8240
10% down payment, $500,000 loan amount, 12-months interest only based on 30-year term
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APPLY NOW!
JUMBO SPEC LOANS CLICK HERE |
#2: RENTAL PROPERTY CONSTRUCTION LOANS!
Well, Ok, it's NOT a true Spec....but come on!
You can build a rental! Rent it out for a couple of years....then sell it.
65% of COSTS, minimum 700 score.
*(832) 232-3756
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#3: Available Nationwide BANK STATEMENTS Spec Loans!
UP TO $30Million!
50-65 LTC, 50-55 LTV
Requires cash to close for balance
11-1/2 to 14% rate, 2 discount points
Includes PERM
Has 3 to 5% exit fee if no perm taken
UP TO $30-MILLION!!!
BANK STATEMENTS ONLY FOR INCOME!
1-Year Term.
APPLY ONLINE NOW!
SUPER JUMBO SPEC LOANS CLICK HERE
Email me, or
APPLY ONLINE NOW!
and I will call you and tell you what I think will work best for you!
moc.procgnidnelnoitcurtsnoc@sirrahme
As always, I look forward to working with you - NOT ONLY ON THIS PROJECT, but on all your projects to follow!
Edith M. Harris
(832) 232-3756
Email moc.procgnidnelnoitcurtsnoc@sirrahme
or
Fax: 1-404-503-9328
NO CALLS ACCEPTED FROM ANONYMOUS NUMBERS.
Please make sure your phone number shows up in
Caller ID.
Thank you!!
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TX Mortgage Banker License 70715
Edith M. Harris, W2 Employee
OCM, Inc. 2700 N. Main Street, Suite 1200 Santa Ana CA 92705
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