NO-DOC RESIDENTIAL LOANS FINANCING, SFR, DUPLEX, TRIPLEX & FOURPLEX & CONDOS INVESTORS ONLY
1. 888. 358 . 3444 WWW.METWESTONLINE.COM
GENERAL PARAMETERS
RESIDENTIAL LOANS/INVESTORS ONLY
Loan Amount
Up to $2,000,000
Amortization
Up to 30 years
Maximum LTV First Time Buyer & First Time investor (65% LTV on 1-4 units)
70% LTV From $100K to $1MM 65% LTV From $1MM to $2MM
Subordinated Financing
10% Only
DSCR
SFR Not Required 1.20x 2-4 Units
Minimum Fico Score
650 Middle Score
Fixed Period
3 and 5 Years Fixed
Rate Structure
2% First adjustment then 1% periodic 2% annual. 6% Life over start rate
Rates starting at
7.49% Fixed
Rate Lock
Until Loan Docs are drawn
Personal Recourse
Required
Prepayment
3% for 3 years (option: 3% for 2 yearsadd 1.00% to rate)
Nationwide/States Preferred No Rural Properties
FL, NY, NJ, CA,TX, CO, PA, NC
States Ineligible
AK, IL, MI, MN, ND, NH, OR, SD, TN, UT, VT
Transaction Type
Purchase, Refinance, Cash Out Refinance
Eligible Property Types
SFR, Duplex,Triplex, Fourplex and Condos High-rise
Brokers
Protected, Rebates up to 2%
Metwest is a Correspondent Lender financing small-balance commercial properties nationwide since 1999
BROKER REBATES UP TO 2%