Long Term Commercial Loan
Term Loan - LG263
Term Loan - LG263
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | 2-4 Units, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $10,000,000 |
| Terms | Fixed for 5 years then 6 month ARM, Fixed for 7 years then 6 month ARM, Fixed for 10 years then 6 month ARM, 30 year |
| Credit Score Min | 660 |
| Interest Only or Amortized | Interest Only |
| Entities | LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation |
| Lien Position | 1st |
| General Pricing or Guideline info | - Valuation Type: All properties are required to have a full conforming appraisal. - Minimum Experience: Must own primary residences or 1 investment property - Bankruptcy: Not within the last 4 years and no other derogatory payments. - Loan Structure: 30 years Fixed, 10/6 Interest only, 7/6 Interest only, 5/6 Interest only. - Loan Purpose: Purchase or Cash Out Refinance. |
| Updated as of | 2023-11-10 |
| Program Code | LG263 |
- Valuation Type: All properties are required to have a full conforming appraisal.
- Minimum Experience: Must own primary residences or 1 investment property
- Bankruptcy: Not within the last 4 years and no other derogatory payments.
- Loans Structure: 30 years Fixed, 10/6 Interest only, 7/6 Interest only, 5/6 Interest only.
- Loans Purpose: Purchase or Cash Out Refinance.
