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Written by R. Elder
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Friday, 22 August 2008 14:06 |
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Hayhurst Wholesale the wholesale lending division of Hayhurst Mortgage announces the availability and guidelines for foreign national loans. For loans on properties under 417K the following guidelines will apply: - 3 letters of credit and or International CB (minimum three trade lines)
- Tax returns , P-60, pay stubs
- 3 months bank statements
- 1008 and 1003
- All required disclosures
- No Condominiums
- Appraisal
- Purchase Contract (where applicable)
- Verification letter from employer or Banker on employment
- Single family, PUD’s, Townhomes (no condominiums)
- Asset verification
For Jumbo loans for properties located in the South Florida counties of Palm Beach, Broward and Dade there is a stated jumbo loan with a minimum loan amount of 500K. The details of this loan program are as follows:
- Corporate titles OK
- Accountant letters needed – no W-2 Wage Earners
- Single family – 60% Purchase and R&T / 50% C/O
- Condos – 50% - Purchase, R&T and C/O
- Primary or Second Home
- ACH to Hayhurst Wholesale
Call today 813-425-7040 and speak with a Hayhurst Wholesale representative about this loan program as well as any other loan scenarios you may have. We are here to help you close more loans, more efficiently.
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Last Updated on Friday, 22 August 2008 14:21 |
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