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Sun Pacific Mortgage

Bridge Loan
Owner Occupied Bridge - LG400

Sun Pacific Mortgage

Summary of all Guidelines

Loan Types Bridge Loan
Property Types 2-4 Units, Condo, SFR
Lendding Area california
Loan amount Minimum $150,000
Loan amount Maximum $1,500,000
Interest Rate Minimum 10%
Interest Rate Maximum 14%
Points Minimum 1st TD 3
Points Maximum 1st TD 5
Terms 1 year, 15 year
Interest Only or Amortized Amortized and Interest Only Options available
Fees Processing Fee
Lien Position 1st
Prepayment Penalty No Prepayment Penalty
Intended Occupancy Owner Occupied Primary Residence
Fixed or Adjustable Fixed
General Pricing or Guideline info Owner Occupied Bridge/Temp/Long Term Consumer Purpose Loans (Purchase & Refinance) TERM: 11 months - Interest Only or 15 Year Hybrid Loan (3 years Interest plus 12 years fully amortized) RATE: 10% - 14% PREPAY PREMIUM: NONE LTV: 65% - 75% POINTS* & FEES: 3 - 5 pts Plus $2590 (Processing, Doc Prep, & Underwriting)
Updated as of 2024-01-11

Owner Occupied
Bridge/Temp/Long Term
Consumer Purpose Loanss
(Purchase & Refinance)

TERM: 11 months - Interest Only or 15 Year Hybrid Loans (3 years Interest plus 12 years fully amortized)

RATE: 10% - 14%

PREPAY PREMIUM: NONE

LTV: 65% - 75%

POINTS* & FEES: 3 - 5 pts Plus $2590 (Processing, Doc Prep, & Underwriting)

These descriptions are limited information and meant for general reference purposes.