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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on BPO Value||57.32%|
|Loan Type||Fix and Rent|
|Amortization||40 Year amort/due in 3 years|
|Guaranteed Interest||6 months|
649 FICO Real Estate Investor looking to purchase SFR for rental income. Borrower is putting in over $20k of own cash to purchase the property. Subject Property is a 2 bdr, 1 bath Ranch-style SFR located on a quiet neighborhood of San Bernardino. Property is conveniently located close to the 210 and 215 FWY. Borrower is putting in approx. $5k to upgrade the property with new paint, carpet and kitchen cabinets. Property will be rented for $900/mo. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.