| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $211,250 |
| Purchase Price | $325,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 10.25% |
| LTV on Purch. Price | 65.00% |
| Loan Type | Rental Purchase |
| Amortization | 40 Year amort/due in 2 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
661 Mid FICO Borrower and Real Estate Investor looking to purchase this investment property SFR. Borrower is contributing over $110k Down Payment into this investment. Subject Property is a 3 bdr, 1 bath SFR conveniently located near the 55 & 5 FWY in Santa Ana. Property features dual-pane windows, interior/exterior paint, tile/laminate flooring, granite counter tops, custom cabinetry, recessed lighting, stainless steel appliances and remodeled kitchen and bathroom. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.