There are several new programs available for Real Estate Investors in California that wish to do “Stated Income Loans” to buy Single Family Homes as Investments.
The Highlights of the Program are as follow:
- Interest rate 7.49%
- 30% Down Payment (10% can be a gift)
- Min FICO 650
- 3/1 ARM
- Min Loan $100,000
- Max Loan $1,000,000
- No Income Verification required.
