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Stated Income Home Equity 2nd Mortgages are back

posted Jun 11, 2015, 12:03 PM by Massey Kouhssari   [ updated Jul 1, 2015, 5:45 PM ]

Non-QM / Non-Prime 2nd Mortgages are BACK!!


All Mortgage loan rates are for PFN Customers only. 

Rates Effective June 1, 2015

Variable Rate Home Equity Line of Credit Loans
Min. Subsequent Advances: Full amount of line
Index from Wall Street Journal Prime Rate + Margin = APR*. Changes in January, April, July and October
No Annual Renewal Fees. Please ask about closing costs.
*APR = Annual Percentage Rate. Annual Percentage Rate may vary.
Term:15 Yr and 30yr optionMargin:3.50%
Variable Rate:upto 80% LTVIndex:8.25% APR*
Interest Rate:11.75% APR*Min./Floor Rate:11.75% APR*
Points:3 points maxMax./Cap Rate:12.00% APR*
Max. Line of Credit: $250,000
Min. Line of Credit: $5,000

Fixed Rate Stated Income Real Estate Loans
 10 Year15 Year30 Year
1st Trust Deeds6.75.00% APR*6.95% APR*7.75% APR*
2nd Trust Deeds6.25% APR*11.75.50% APR*11.95.75% APR*
$250,000 Max, $10,000 Min; 80 % LTV
Payment example: APR = Annual Percentage Rate. Pay $11.36 per month, per $1,000 borrowed at 6.50% for 120 months. The payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be greater, should be posted.

Back by popular demand, Second Trust Deed Mortgage Loan!

Happy with your current 3% 1st TD, Great Keep it!  Pull cash out with the most Aggressive and Only Non-QM 2nd TD in the Market!

Stated Income 2nd Mortgage HELOC - Bank Statement only

       Borrowers Qualify with:

  • 1 day seasoning from Short Sale
  • 1 year seasoning from Foreclosure or BK
  • Up to 80% CLTV
  • Up to $1mil. combined loan amount
  • Loan amounts up to $350,000
  • Bank Statements used for income self employed
          Call 949-244-1880