Closed Loans

Closed Loan in Florida

Closed Loan in Lake Worth, FL

Property Type: 2-4 Family
Purpose: Purchase
Loan Amount: $253,125
Location: Lake Worth, FL
Broker Made: 
$7,593.75

An investor in Florida wanted to purchase a 2-4-unit property but DTI issues prevented them from meeting Fannie or Freddie guidelines.  Their broker eventually found the ideal alternative solution through Silver Hill’s Lite Doc Investor Program. The borrower was able to purchase the multifamily property without providing tax return documentation.