Samuel Stovall's (sstovall) Blog

Yes, I can offer NINA (No Income No Asset) loans with credit scores down to 605 (updated middle score)! With as little as 20% down payment, up to 65% CLTV (seller held 2nds and gifts of equity permitted). Loan from $250k to $1m. Foreign Nationals and LLC's can qualify. Good for purchases in NJ, C...

Hello all, just a FYI, FHA for those with under 620 credit score is still alive and kicking. If you or your clients are in the market and need FHA to purchase, it can get done. This is good for NJ, NY, and PA only. Rates are 5.50% to 6.00%, same great rates for those with 'less than perfect credi...

If they have securities, they may be able to still get cash and quickly! With a sercuity portfolio loan. Minimum size is $250k+ US or $1m foreign denominated portfolios. Loans up to 80% of portfolios value with rates currently under 4.25%. Foreign Nationals and businesses can qualify too. How cou...

... New FNMA rules go into effect on 1 March 09.. Now up to ten (10) properties can be financed. I Am sure FRE will follow suit shortly! There are minimum credit and reserve requirements (720 middle and six (6) months reserves for all properties held including primary) and NO BK's within the last...

I have a solution for your clients, a stock portfolio loan! Just think, they may be able to pay all cash or have a substantial down payment based on the value of the portfolio. All this with limited recourse.. Minimum portfolio size is $250k and foreign nationals and stocks can qualify. Give a ca...