4/15/14- Tax Day and New Loan Program for the Self-Employed

Well, today is TAX Day!  I hate this day…….fortunately I paid all my taxes last week so today is just a normal day for me.

I've got some good news for the Self-Employed:  A new program came out and it goes something like this:  It's called a 12 Month Personal Bank Statement Program and here are the highlights:
1.  Maximum of 75% Loan to value up to $1,000,000 Loan Amount!
2.  Minimum FICO is 700
3.  Can be a Primary, Second Home, Investment Property and allows Cash Out!
4.  It's a 5/1 ARM currently at 4.75% with 1.25 Points (APR 4.926%)
5.  No limit on number of financed properties.
6.  Mix and Match, bank statements and Wage Earners on Same Loan.

Call me for more details,

Jeff Eisenberg
Southern Oaks Mortgage, Inc.
CalBRE Lic. # 01458657
NMLS # 236681


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