OUR NICHE PRODUCTS ARE
- Purchase, Refinance and Cashout on investment properties, single family homes, townhouses, Condos, commercial properties, office condos, warehouses or etc.
- Property value must be $160,000 or better
- Minimum Loan amount $120,000
- 75% LTV
- 3 Yrs. ARM amortized for 30 years
- After the 3rd years, it goes to Prime + 4.00% – currently Prime has been at 3.25% since December of 2008
- Current Rate 7.490%
- 2.00 Points
- Additional 1.00 Point to Lender will buy rate down to 6.49%
- 3 Year Prepay and borrower can pay down loan amount up to 20% in a given year without penalty
- If paid off before three years, prepay is 3.00% of unpaid balance
- True Stated Income, no W2, pay stubs or tax returns. Loan closes in three weeks from date ratified contract is received.
- Minimum 650 credit score required.
TRUE FOREIGN NATIONAL PROGRAMS
Investing in America is not only for US citizens. Winston North Group has partnered with major investors to bring this lucrative business back and we work with foreign nationals interested in owning or investing in the American Dream. The Washington, DC metro is a diversely populated area and Winston North Group along with our partners has deep background and experience in lending to foreign nationals.
Foreign National Program Highlights:
- Foreign Nationals Only (Diplomatic Immunity Is Ok)
- Purchase And Refinance Ok & Self Employed Ok
- Up To 75% LTV
- Occupancy Includes Primary, 2nd Home And Investment
- Never A Pre-Payment Penalty
- 1-5 Year Balloon
- Money For Down Payment Must Be In A US Bank For 30 Days
- Rates From 9.99 – 12.00%
- No Income Verification
- No Social Security Number required.
We process, close and service all loans through our investors.
Same day pre-approvals and closing within 10 business days of appraisal order.