With a diverse portfolio of successful businesses, including a mortgage brokerage, this borrower presented us with a unique challenge. Not only did we assist him in promptly settling an impending construction loan, but we also facilitated a substantial cash-out opportunity. To make this happen, we qualified him with bank statement accounts from two of his businesses. We made a special exception to qualify this rural property with bank statements, driven by the compensating factors of his low LTV and an impeccable FICO score.
Loan Details:
Location: Donnelly, ID
Loan Program: Apex Prime – Bank Statement Program
Loan Amount: $1,350,000
Transaction Type: Cash-Out Refinance
Property Type: SFR
Occupancy: Primary
Loan Term: 30-Year Fixed