On loans up to $726,525 at 80% LTV or less.
Purchase Price: $908,000.
Loan Amount: $726,525.
Our Borrower is a retired unmarried individual who’s only income is their monthly Social Security benefit, which definitely does not satisfy the income requirements needed for a loan of this stature.
We used the Trust, as Income to qualify. We did not need Bank Statements, Tax Returns, or the Social Security Benefit, for Income Documentation. Nor was Asset Depletion calculated into the Approval.
Call me for more Details @ 949.243.5700.