Keller Williams Capital Properties - Ali Velasco

Need a Loan for Buying a Home While Navigating Immigration Hurdles?

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Here’s a breakdown of the key features of this loan:

– Borrow up to 85% of your property’s value, based on your credit score.
– Your monthly debts can be as much as 55% of your income.
– Submit your income history for the past year, and you have a few options for meeting this requirement:

  • 1 year of tax returns
  • 12 months of bank statements
  • Profit and Loss documents covering 1 year.

– You should have at least 3 tradelines with a 12-month history.
– Most property types are eligible.
– You can use gift funds.
– For loan-to-value ratios over 80%, the Bank will need to verify your rent for the past 12 months.
– This loan accept both full or alternative documentation.
– Other requirements may apply.

Here’s a quick overview of the loan-to-value (LTV) options:

  • You can go for a no-score program with up to 75% LTV.
  • If your credit score falls between 620 and 700, you can borrow up to 80% LTV.
  • If your score is 700 or higher, you can access up to 85% LTV.
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