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Written by Administrator
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Friday, 04 June 2010 13:49 |
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We are closing Non Warrantable Condos in 2010.
Our rules are simple:
Apply with Oakwood Financial Corp to verify the dollar amount you qualify for then close the loan in 2 -3 weeks
- We require a 20% down payment
- Property must be either primary or vacation home aka 2nd home
- max debt to income ratio must not exceed 40%
- reserves required in the form of liquid assets in a checking, savings, money market or a combination thereof post closing the loan must be ≥ 12 months Principal, Interest, Tax, insurance or show proof of 24 months > 1,000,000 in an account.
- Free 30 day lock
- condo unit interested in must not be > 8 stories
- Closing loans in as little as 2-3 weeks
Terms offered:
- 3/1 ARM
- 5/1 ARM
- 7/1 ARM
- 15 YEAR FIXED
- 30 YEAR FIXED
ask to speak with our senior loan officer Roland Browne
(512) 636-8162
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Last Updated on Friday, 04 June 2010 15:23 |
