Elegant Loans - Wholesale Mortgage Brokerage

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You are here: Home / Delayed Financing

Delayed Financing

Delayed Financing
Pay Cash, then finance after closing.

USES:
–  Gives buyers the power of all-cash purchasing, without tying up their funds.
–  Buy and rehabilitate a home that won’t currently pass a home inspection or otherwise won’t qualify for mortgage financing.
–  Bridge loan to cover the time between when you buy a new home and sell your old one (if cannot qualify with both mortgages)

•  Must have made a cash purchase from 1 day to 5 months ago

•  80% Max Loan-to-Value

•  620 Minimum Credit Score 

•  45% Maximum Debt-to-Income (DTI), or 50% Max DTI with Compensating Factors (higher LTV, large cash reserves, very low debt-to-income ratios, 720+ credit score, minimal increase in housing payment)

•  Loan Amounts $100,000 to $548,250

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© 2022 Elegant Loans, Corp.
5811 Memorial Hwy #201
Tampa, FL 33615
+1 727 734 5051
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