Residential Loan Program
Loan Limits
$75,000.00 – $5,000,000.00
Recourse
Full Recourse
Documentation Type
Stated and Bank Statement
Loan Types
Purchase
Refinance (cash-out allowed in most cases)
Maximum LTV
70% - 75%
Occupancy Type
Investor Only
Eligible Locations
Nationwide
Property Types
SFR, 2-4 Units, Condos, Townhouses, Foreclosures, Short Sales
Interest Rate
7.00% - 12.50%
Credit Minimum
600
Loan Points
2.0% - 4.0%
Term
5, 7, 10 Term / 25 – 30 Amortization (Also, 10 Year I/O)
Prepay
Declining & Static
Due Diligence Deposits
Processing Fee Due At LOI Acceptance (Case by Case)
Due Diligence Costs Due At Term Sheet
Submission Requirements
Application 1003 Form
Exterior Color Photos
Operating Statement – 2 Years and YTD
Credit Report, three bureaus with scores
Current Rent Roll (if applicable)
Authorization for Credit Information
The Continental Finance Difference
Closings in 30 Days
Cross Collateralization Allowed
Flexible Underwriting
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