REAL ESTATE NEWS (Los Angeles, CA) — Congrats to Don Maher for closing another No Income / No Employment verification loan for a retired couple buying a 2nd home. They had good income, but in the form of non-retirement investments that they could not use to qualify. This loan program now makes up about 50% of Don’s pipeline. Today, it’s a must for every home buyer, seller and investor to be aware of and successfully take advantage of this type of home loan situation.
Good credit with a good down payment/reserves is all that is needed. That’s it. It’s perfect for: the self employed, retired, seasonal workers, real estate investors, and owners of cash businesses.
FICO scores start at 640 with a 35% down payment. Borrowers with 740+ scores can buy with only 20% down. Loan amounts to $3 million and it can close quick. Call with any questions. It’s quick to have Don price out a scenario. Cash out refinances are available as well.
Get a free report on no income verification loans for lofts, condos or houses. Fill out the online form.
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
