Do you make purchase money loans based on the appraised value or the purchase price?

Our lenders prefer to use the most conservative ("as is" value or purchase price)  value. They will not make purchase money loans without a down payment. A tie-in property as additional collateral (blanket loan), or a seller carry 2nd, may often be used in lieu of a down payment. Additional tie-in collateral must have sufficient equity to make the transaction work. Inc.
PO Box 5928
Concord California 94524
(800) 606-3105


Mortgage News

Mortgage Stories
Free mortgage stories widget by

© 2018 All information in this site is deemed reliable but is not guaranteed and is subject to change | Powered by vFlyer Website Builder