Buying a Home? Get A $500 Appraisal Fee Credit…

CONVENTIONAL/HIGH-BALANCE/GOVERNMENT

Get a credit of up to $500.00 on appraisal fees at closing for Conventional, High-Balance and Government Purchase Loans. Appraisal credit excludes any additional fees, such as a rush fee, 10004D, etc. A copy of a paid invoice is required. (Effective for Govt. loans submitted 10/1/2018 to 11/30/2018, and closed by 12/31/2018. Effective for Conventional and High-Balance loans submitted 11/1/2018 to 12/31/2018, and closed by 1/31/2019).

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes. Business Purpose & Commercial Financing Available in All 50 States: Investment Properties vested under LLC/Corp, Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

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CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823

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No Income, No Assets, No Problem

NO INCOME NO ASSETS

This program allows for Purchase, Rate & Term reduction & Cash Out Refinance for 1-4 Unit investment properties including Airbnb’s.

  • Non-Owner Occupied Only
  • No DTI Calculation (No Income on 1003)
  • No DSCR Calculations (No Lease Required)
  • No 4506T
  • No Tax Returns
  • No Income listed on 1003
  • No Post Closing Reserve Requirement
  • 80% LTV with 700+ FICO’s – 5/1 and 7/1 ARM – Interest Only Option
  • Cash Out, Purchase & Rate/Term Up to $10 Million
  • 75% LTV with FICO’s as low as 640
  • Foreign Nationals Allowed
  • Unlimited Properties

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes. Business Purpose & Commercial Financing Available in All 50 States: Investment Properties vested under LLC/Corp, Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Visit Our Website: www.pmccanhelp.com

 

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

 

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

 

Follow our Mortgage on:

 

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CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823

 

The Ultimate Non-QM Product

PMC Self Employed

Flexible, non-QM lending option that can help your hard-to-qualify clients get approved!

  • 12 or 24 months bank statements or 12 or 24 months full documents
  • No seasoning requirement on settled derogatory credit, such as deed-in-lieu, bankruptcy, foreclosures and short sales
  • Minimum of 2 months reserve on subject and 2 months reserve on each additional up to 12 months
  • Cash in hand may be used to meet reserve requirements (restrictions apply)
  • No reserve required on debt consolidation when new payment is lowered by 10% and closing costs are recouped within 60 months
  • Max DTI up to 55% (restrictions apply)
  • 1x120x12 mortgage late payments on Grade C
  • Non-occupant co-borrower allowed
  • Up to 20 financed properties (max 10 acres)
  • 5/1 & 7/1 ARM, 15- & 30-year fixed, with 30- and 40-year interest-only
  • Loan amounts $75K to $5M

Prime

  • Up to 95% LTV to $1.5M on Purchase and R&T
  • FICOs from 660

Credit Flex

  • Up to 90% LTV on Purchase and R&T
  • FICOS from 580
  • Pricing on Grade A, B, B-, C based on credit

Investment

  • Up to 80% LTV to $1M
  • FICOs from 580

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes. Business Purpose & Commercial Financing Available in All 50 States: Investment Properties vested under LLC/Corp, Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

Follow our Mortgage on:

http://www.facebook.com/pmccanhelp

http://twitter.com/pmccanhelp

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CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823

#bankstatementloan #selfemployedloan #lowdocloan #notaxreturnloan #no4506tloan #noincomeloan

Rental Property, Fix ‘N Flip and Construction Financing

PMC Fix & Flip (back).jpg

We offer both Single and Portfolio Rental Property Loans. We help beginning rental property investors purchase their first property, and help seasoned investors unlock equity from established portfolios so they can grow.

Key Facts About Our Rental Property Loans1

  • Commercial loan underwritten on property cash flow
  • No personal income verification
  • Option to borrow as an LLC
  • Designed for buy-and-hold investors
Single Rental Loan Portfolio Rental Loan
Loan Purpose
  • Purchase a single property, or
  • Refinance a single property, with option to take cash-out3
  • Take cash out of an existing portfolio to buy more properties, or
  • Refinance or consolidate multiple rental loans
Interest Rate1 6.50 – 9.00% 5.50% – 7.50%
Loan Amount $75K – $1.5MM15 $700K+
Minimum Property Value $100,000
  • Multi-family 5-20 units: $30,000 per unit
  • Other property types: $50,000 per unit5
Term 30-year fixed, full amortization
  • 5 years or 10 years with balloon due at end of term
  • Option to amortize up to 30 years, with interest-only option available6
Borrower Type LLC or Individual LLC
Maximum Loan-to-Value (LTV)7 Time Owned : Constraint

  • ≤ 90 days : 80% LTC
  • > 90 days : Full appraised value
  • 75% LTV for a fully amortized loan
  • 70% LTV for an interest-only loan16
Maximum Loan-to-Cost (LTC)
Cost is purchase price amount8
Time Owned : Constraint

  • ≤ 90 days : 80% LTC
  • > 90 days : Full appraised value
Time Owned : Constraint

  • ≤ 90 days : 80% LTC
  • > 90 days : Full appraised value
When do we use LTV vs LTC?
  • Purchase: Use lesser of LTV or LTC calculation
  • Refinance: Use LTC until property has seasoned for 90 days, then use LTV
  • Purchase: Use lesser of LTV or LTC calculation
  • Refinance: Use LTC until property has seasoned for 90 days, then use LTV
Cash Flow Requirement
  • <$150K value: Max 70% Property Debt-to-Income Ratio (PDTI)
  • ≥$150K value: Max 85% PDTI
  • Fully Amortized Loan: Debt Service Coverage Ratio (DSRC) of 1.15x
  • Interest Only Loan: DSCR of 1.20x
Property Type Non-Owner Occupied:

  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes
Non-Owner Occupied:

  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes
  • Multi-family 5-20 unit properties

Our Fix & Flip Line of Credit14 offers experienced investors a line of credit they can use to acquire and/or renovate multiple properties. Our Fix & Flip Single Loan requires no experience and is available to first-time investors.

Key Facts About Our Fix & Flip Loans

  • Rates as low as 6.99%1
  • Lines of credit up to $10MM with individual loan amounts from $50K to $2.5MM
  • Financing for up to 90% of acquisition costs and 95% of renovation expenses, up to 75% After Repair Value10
  • Single property loans available for borrowers with no real estate investment experience

 

Fix & Flip Line of Credit
Loan Purpose4
  • Exposure line14 up to $10MM for experienced investors (1+ completed flip in past 2 years)
  • Single property loan available with no experience required
Interest Rate1 6.99% and up
Loan Amount $50K – $2.5MM
Term 12 months (standard), with optional extensions
Borrower Type LLC, Individual, LLP, or Corporation
Maximum Loan-to-Value (LTV)7 75% of After Repair Value (ARV)
Maximum Loan-to-Cost (LTC)
Cost is purchase price amount8
90%
When do we use LTV vs LTC? Generally, we use the lesser of LTV or LTC calculation
Rehab/Construction Financing Funding up to 95% of rehab budget, max 75% ARV
PROPERTY TYPES Non-Owner Occupied:

  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes
  • Multi-family 5-20 unit properties

Our Construction Loans provide builders and investors the financing they need for ground-up construction and land acquisition.

Key Facts about our New Construction Loans1

  • Construction loans offer funding up to 95% of construction costs with multiple draws available11
  • Land advances available up to 75% of land value12
  • Individual loan amounts $150K – $2.5MM
  • Loans available for single family and multi-family properties, including properties up to 20 units
  • Single property loans available for borrowers with no real estate investment experience
New Construction Loan
Loan Purpose
  • Ground-up construction loans for developers and investors building 1-5 properties at a time
  • Lot financing can be included, if lots are in build-ready condition
  • Program includes exposure line of credit for experienced large volume investors, or single loan option
Interest Rate1 6.99% and up
Loan Amount $150K – $2.5MM
Term 12 months (standard), with optional extensions
Borrower Type Individual, LLP, or LLC
MAXIMUM LOAN-TO-VALUE (LTV)7 75% of ARV
MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT8
95%
WHEN DO WE USE LTV VS LTC? Generally, we use the lesser of LTV or LTC calculation
REHAB/CONSTRUCTION FINANCING11 Funding up to 95% of construction budget, up to 75% of land value
PROPERTY TYPES Non-Owner Occupied:

  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Townhomes
  • Multi-family 5-20 unit properties

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes. Business Purpose & Commercial Financing Available in All 50 States: Investment Properties vested under LLC/Corp, Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

Follow our Mortgage on:

http://www.facebook.com/pmccanhelp

http://twitter.com/pmccanhelp

http://www.linkedin.com/in/pmccanhelp

Follow our Realty on:

http://www.facebook.com/pmcrealty

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CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823

#multifamilyhousing #smallbalanceloan #debtservicecoverage #DCR #DSCR #constuctionloan #selfbuildconstruction #rentalpropertyfinancing #rehabloan #fixandfliploan

 

 

Small Balance Multifamily 5+ Unit Financing

PMC Multi-Family 5+ Unit Financing300Multi-Family Financing: The Small Balance Loan Program (SBL) for properties with 5+ residential units extends financing for purchases and refinancing of small balance loans using hybrid or fixed rate loan products (Acquisition or refinance of conventional multifamily housing, including conventional housing with tax abatements and Section 8 vouchers).

  • LOAN AMOUNTS $1M – $6M (and up to $7.5M in top markets)
  • LOAN TERMS 5, 7, or 10 year fixed-rate loan
  • 20-year hybrid ARM with initial 5, 7, or 10 year fixed-rate period
  • AMORTIZATION up to 30 years
  • RECOURSE Non-recourse and assumable loans
  • OPTIONS Cash-out options
  • No underwriting floors in top markets
  • Declining prepayment options
  • 60-120 day rate lock period available
  • CREDIT Minimum FICO score of 650
  • SPONSOR FINANCIALS Net worth equal to loan amount
  • Liquidity equal to nine months of payments

Debt Coverage Ratio and LTV:

  • Top SBL Markets 1.20X 80%
  • Standard SBL Markets 1.25X 80%
  • Small SBL Markets 1.30X 70%
  • Very Small SBL Markets 1.40X 70%
  • Maximum 75% LTV for Acquisitions

Here is the link to HUDs Programs: https://www.hud.gov/program_offices/housing/mfh/progdesc

Descriptions of Multifamily Programs

Federal Housing Administration (FHA) Mortgage Insurance Origination

·         Rental Housing: Section 207

·         Manufactured Home Parks: Section 207

·         Cooperative Units: Section 213

·         Rental Housing for Urban Renewal and Concentrated Development Areas: Section 220

·         New Construction or Substantial Rehabilitation of Rental Housing: Section 221(d)(4)

·         Purchase or Refinancing of Existing Multifamily Housing Projects: Section 207 / 223(f)

·         Refinancing of Existing Multifamily Rental Housing: Section 223(a)(7)

·         Rental Housing for the Elderly: Section 231

·         Mortgage Insurance for Construction or Substantial Rehabilitation of Condominium Projects: Section 234(d)

·         Supplemental Loan Insurance for Multifamily Rental Housing: Section 241(a)

·         Qualified Participating Entities Risk-Sharing Program: Section 542(b)

·         Housing Finance Agency Risk-Sharing Program: Section 542(c)

·         Mortgage Insurance for Nursing Homes, Intermediate Care, Board & Care and Assisted-living Facilities: Section 232 and Section 232/223(f)

Special Needs

·         Section 202 Supportive Housing for the Elderly

·         Section 811 Supportive Housing for Persons with Disabilities

·         Assisted-Living Conversion Program (ALCP)

·         Demonstration Program for Elderly Housing for Intergenerational Families

·         Emergency Capital Repair Program (ECRP)

Supportive Services

·         Multifamily Housing Service Coordinators

·         Congregate Housing Services Program (CHSP)

·         Multifamily Family Self-Sufficiency Program

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes. Business Purpose & Commercial Financing Available in All 50 States: Investment Properties vested under LLC/Corp, Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

Follow our Mortgage on:

http://www.facebook.com/pmccanhelp

http://twitter.com/pmccanhelp

http://www.linkedin.com/in/pmccanhelp

Follow our Realty on:

http://www.facebook.com/pmcrealty

https://twitter.com/pmcrealty

CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823

#multifamilyhousing #apartmentsfinancing #smallbalanceloan #debtservicecoverage #DCR #DSCR

 

Trending: New Construction Financing

Housing project

 

The trend is in new construction right now.  There are tear downs going on all over the country.  We get a lot of requests for construction financing.  Older homes are being renovated into dream homes.  It takes a lot more work and patience, but the results are rewarding.  Older homes typically have larger lots and builders are building multi family homes on the lots or subdividing them into smaller single lots.

Lenders like to see “some skin in the game” from serious developer and builders to outweigh any risk of default.  20% down is what lenders usually require.  Some lenders allow the borrower to cross collateralize on other owned properties for larger loan amounts.  Keep in mind that land financing may be included.  Purchasing land prior to the build-out typically requires a larger down payment.  The rule of thumb, is the larger the down payment, the better the terms will be.  The higher the mid FICO score the better the terms.  One key point, is that the borrowers have the option of acting as their own general contractor or hiring a licensed builder.  Loan approvals can take up to 7 days for larger projects.  

PMC can fund construction/commercial loans in all 50 states ranging from $100,000 to $50M.  We try to simplify the loan process for our clients. Here is some good information to get you started in the right direction. Email info@pmccanhelp.com any loan scenario questions to get you started in the right direction.

What is a construction loan and how do they work?

A construction loan is a short-term loan that is used to pay for the cost of building a new home or remodeling an older one.  The loan terms can range from six months to a year.  The builder will issue a cost breakdown and outline the required phases of the build-out in order to request draw intervals.  Typically these are done every 30 days after the lender verifies that the work has been completed.

During the construction, some construction lenders require that you make interest-only payments based on the funds that have been disbursed and others may allow the loan payments may be deferred until the project is completed.  When the project is complete, you’ll make a large balloon payment to pay off the loan. If you are going to build and hold the property you will need to refinance into a longer term loan.  Some lenders have a construction-to-permanent loan program to avoid additional costs, which is always the best option.  Understand that the rates may be higher than conventional conforming loan terms and not every lender offers them.

Documentation for a quick (LOI) Letter of Intent/Term Sheet Use this guide to save time, close more deals and give your client’s loan the best chance for approval. A well-organized loan summary should include the following essential information:  

Executive Summary A concise, but thorough, overview that includes:  

• Property Address

• Description of Property & its Estimated or Appraised Value, Square Footage, Number of Units and What Improvements have been done so far

• Legal Owner of the Property – if entity, list company name and when established and in what state.  Note how many partners and who will be the primary partner.

• Loan Amount & Use of Funds  –  Debt owed/Liens on the property/Cash Out – Itemized Breakdown of Costs

• Date of Purchase & Price  –  How much cash has the borrower invested including improvements

• Debt Service  –  How will the borrower make monthly loan payments and will it produce income or is an interest reserve needed

• Loan Term Requested  –  bridge loans are typically interest only payments over the loan term of 1 to 2 years.

• Exit Strategy  –  Refinancing or Selling

• Equity  –  Borrowers are required to have a minimum 20% equity in their projects.  Some secondary financing may be allowed and cross collateralization is possible.

• Liquid Assets are Helpful – list all assets

• The Story  –  Is this a purchase or refinance? What specifics does the lender need to know about the project in order to provide you with a quick, reliable answer?  

Color Photos of the Property and/or Appraisal At least three shots each of interior, exterior and the neighborhood. The most recent appraisal will be helpful.  

Operating Income (P & L) Most recent 2 years on the subject property; summary of lease agreements and rent roll. If owner occupied, provide operating statement from the business.  

1003 Loan Application or Personal Financial Statement on the Borrower/ Guarantor. Include approximate  mid-FICO credit score.

FHA One Time Close

FHA has a One Time Close loan program, which is a construction to permanent loans for new manufactured and modular homes that will be owner occupied. 

Overview 

  • Reduction in total cost due to only one closing
  • Reduces interest rate risk
  • FHA 96.5 LTV financing allowed
  • Only one closing prior to the start of construction
  • No payments due from borrower during construction
  • Borrower’s first payment begins once construction is complete
  • No credit, document or appraisal expiration once the loan closes
  • No re-qualification of borrower once construction is complete
  • Builder/Retailer is allowed staged funding draws during construction based on line-item percentage completion 

FHA has strict requirements in order for the builder to be pre-approved. 

Completed Builder Package Requirements

  • Contractor’s Performance Agreement
  • Disbursement Instructions
  • A copy of the contractor’s/dealer’s state license
  • Evidence of General Liability Insurance (or signed and notarized Indemnity Agreement between Borrower(s) and Retail)
  • Evidence of Worker’s Compensation Insurance
  • Evidence of Dealer’s Open Lot Policy or an individual Builder’s Rick Policy will be required on each deal

To begin the processing of your loan application to receive a LOI, submit the following documents:

1.    Fully completed and signed application.

2.    Credit Report

3.    If Purchase, fully executed Purchase and Sale Contract with all Amendments, Schedules, and Signatures.   

4.    Current Rent Roll certified by the Borrowers/Seller for the subject property.

5.    Certified Operating Statements by the Borrower for the subject property for the past 2 years and year to date.

6.    All applicable personal and business tax return and schedules for the borrower(s) (including all related business entities) for the past 2 years.

 

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes.  Business Purpose & Commercial Financing Available in All 50 States: Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

 

Follow our Mortgage on:

http://www.facebook.com/pmccanhelp

http://twitter.com/pmccanhelp

http://www.linkedin.com/in/pmccanhelp

Follow our Realty on:

http://www.facebook.com/pmcrealty

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CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823

 

 

Yes! Stated Income Loan Programs & HELOC Option.

0

SISA (Stated Income/Stated Assets)

LOAN PROGRAMS

All Transaction Types

  60% to $1M. 50% to Unlimited**
  O/O + N/O/O (Owner Occupied or Non-Owner Occupied)
  SFR 1-4, Condos, PUDs (Warrantable Only-based on Freddie-Mac Guidelines)
  County (ask PMC rep for list)
  Income is not verified by any means
  No Minimum Fico Required
  Foreign National Borrower’s OK – Passport Only
  Minimum 1 Year out of Bankruptcy/Foreclosure/Short Sale
  1×60 Allowed in Past 12 Months
  Collections over $5K + All Tax Liens + Charge-Offs must be paid at closing
  AVM Possible (No Appraisal – ask PMC rep)
  1 Day on Title Seasoning OK
  Assets are to be Stated on application
  No Max Properties Owned/Financed

** CA & WA **

SIVA (Stated Income/Verified Assets)LOAN PROGRAMS

Purchase

  O/O – 70% LTV to $2M.  50% LTV to Unlimited**.
  N/O/O – 60% LTV to $2M.  50% LTV to Unlimited**.
  SFR 1-4, Condos + PUDs (Warrantable Only- Based on Freddie-Mac Guidelines).
  700 Mid Fico Score.
  No history of BK, FC, SS, Charge-Offs, Tax Liens.
  Max 1×30 in past 12 months.
  With qualifying Reserves DTI will not be calculated and no Seasoning of Employment
   is Required.

alt-doc reserves Reserves:
6 months reserves Sourced and Seasoned for 2 months with qualifying Income Documentation (CPA Letter). *On N/O/O transactions, borrower must also possess 2 months reserves Sourced and Seasoned for 2 months on each additional property owned/financed in addition.

18 months reserves Sourced and Seasoned for 2 months when Borrower owns at least 1 other property than Subject and then qualifies with NO DTI REQUIREMENT.

36 months reserves Sourced and Seasoned for 2 months when  Borrower does not own any other properties than Subject and then qualifies with NO DTI REQUIREMENT.

  Self-Employed and Wage Earner borrowers accepted.
  No Pre-Payment Penalties.
  Gift Funds allowed.  Minimum 5% of Purchase Price + Reserves must be Borrower’s own funds
  Sourced and Seasoned for 2 months.
  No max properties owned/financed.

** CA & WA **

** Unlimited Loan Amounts are taken on a case-by-case basis and decision will be based upon compensating factors of Borrower’s strengths such as High Reserves, Excellent Credit, etc.

Refinance

  O/O

alt-doc reserves R/T – 65% LTV to $2M.  50% LTV to Unlimited**.
alt-doc reservesC/O – 50% LTV to Unlimited**.

  N/O/O

alt-doc reserves  R/T – 60% LTV to $1M.  50% LTV to Unlimited**.
alt-doc reserves  C/O – 50% LTV to Unlimited**.

  SFR 1-4, Condos + PUDs (Warrantable Only-based on Freddie-Mac Guidelines).
  700 Mid Fico Score.
  No history of BK, FC, SS, Charge-Offs, Tax Liens.
  Max 1×30 in past 12 months.
  No Max Cash-Out.
  With qualifying Reserves DTI will not be calculated and no Seasoning of Employment
   is Required.

alt-doc reserves Reserves (Based on PITIA):

6 months reserves Sourced and Seasoned for 2 months with qualifying Income Documentation (CPA Letter).  *On N/O/O transactions, borrower must also possess 2 months reserves Sourced and Seasoned for 2 months on each additional property owned/financed in addition.

18 months reserves Sourced and Seasoned for 2 months when Borrower owns at least 1 other property than Subject and then qualifies with NO DTI REQUIREMENT.

36 months reserves Sourced and Seasoned for 2 months when  Borrower does not own any other properties than Subject and then qualifies with NO DTI REQUIREMENT.

  Self-Employed and Wage Earner borrowers accepted.
  No Pre-Payment Penalties.
  No max properties owned/financed (N/O/O Max Properties Financed is 8 including
   Subject Property).

** CA & WA **

** Unlimited Loan Amounts are taken on a case-by-case basis and decision will be based upon compensating factors of Borrower’s strengths such as High Reserves, Excellent Credit, etc.

HELOC

  No Appraisals up to $500K.
  O/O

alt-doc reserves  70% LTV to $1M as a 1st T/D.
alt-doc reserves  65% LTV to $1M as a 2nd T/D.

  N/O/O

alt-doc reserves  65% LTV to $1M as a 1st T/D.
alt-doc reserves  60% LTV to $1M as a 2nd T/D.

  SFR 1-4, Condos + PUDs (Warrantable Only ((Freddie-Mac Guidelines)).
  No Seasoning of Ownership.

alt-doc reserves < 6 Months Purchase Price
alt-doc reserves > 6 Months Appraised Value

  700 Mid Fico Score.
  Foreign National Borrowers OK – Passport Only.
  No history of BK, FC, SS, Charge-Offs, Tax Liens.
  Max 1×30 in past 12 months.
  No Max Cash-Out.
  With qualifying Reserves DTI will not be calculated and no Seasoning of Employment
   is Required.

alt-doc reserves Reserves (Based on PITIA):

6 months reserves Sourced and Seasoned for 2 months (Based upon initial minimum draw of $50K + All Payoffs ((if any)) with qualifying Income Documentation (CPA Letter).

18 months reserves Sourced and Seasoned for 2 months (Based upon initial minimum draw of $50K + All Payoffs ((if any)) when Borrower owns at least 1 other property than Subject and then qualifies with NO DTI REQUIREMENT (Based upon initial minimum draw of $50K + All Payoffs (if any).

36 months reserves Sourced and Seasoned for 2 months (Based upon initial minimum draw of $50K + All Payoffs ((if any)) when  Borrower does not own any other properties than Subject and then qualifies with NO DTI REQUIREMENT.

  Self-Employed and Wage Earner borrowers accepted.
  No Pre-Payment Penalties.
  No max properties owned/financed.

** CA & WA **

Introductory Rate Offer – 1st 6 months

Prime + 1 for 1st T/D’s

Prime + 2 for 2nd T/D’s

Borrower will receive 50bps discount off the final margin’s with a depository relationship equivalent to 1 month PITIA on ACH for the life of the loan.

Draw period – 10 Years.

On the 121st month the loan will convert to a 20 Year ARM for the Due and Payable period with a Note Rate equivalent to that of the 121st month.

PMC Business Card 2018 back

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes.

Business Purpose & Commercial Financing Available in All 50 States: Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

Follow our Mortgage on:

http://www.facebook.com/pmccanhelp

http://twitter.com/pmccanhelp

http://www.linkedin.com/in/pmccanhelp

Follow our Realty on:

http://www.facebook.com/pmcrealty

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CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823

Jumbo Loans Made EZ

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Jumbo Loan Products

JUMBO 90% LTV

Jumbo 90% LTV with no PMI gives your borrowers the option of making a lower down payment or the ability to increase their buying power. It’s a great way to grow your Jumbo business and build a highly valuable referral network.

  • 30-year fixed
  • 720+ FICO
  • Up to 90% LTV
  • No mortgage insurance
  • Primary homes
  • 43% maximum DTI

Jumbo Elite

Give your Jumbo clients the pricing and turn times they deserve. Jumbo Elite loans not only allow you to offer competitive pricing to your clients, but they also allow you to close in an impressive 25 days or less.

  • Loan amounts up to $2 million
  • Exclusive rate incentives for borrowers with 700+ FICO
  • Eligible for primary and second homes
  • ARM and fixed-rate options available
  • Same-day closings

Jumbo

The only true Jumbo loan that is easy to close! Among the most competitive 30-year fixed rates in the industry, offering incentives on all purchase transactions. From primary homes to investment properties, providing jumbo loans with clear, hassle-free guidelines.

  • Eligible for primary, secondary and investment properties
  • FICOs as low as 680
  • Loan amounts up to $3 million
  • Fixed rate and ARM loans available

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes.

Business Purpose & Commercial Financing Available in All 50 States: Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

Follow our Mortgage on:

http://www.facebook.com/pmccanhelp

http://twitter.com/pmccanhelp

http://www.linkedin.com/in/pmccanhelp

Follow our Realty on:

http://www.facebook.com/pmcrealty

https://twitter.com/pmcrealty

CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823

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Tips for a Successful Bank Statement Loan Approval – Self Employed and 2106 Write Offs

PMC Business Card 2018 back

Borrowers whose incomes are less documented have a more difficult time qualifying for a traditional home loan. Whether it is for a primary residence, a second home or an investment property, self-employed borrowers or those who write off 2106 unreimbursed expenses will be the most likely to benefit from the bank statement program. As its name would suggest, the concept is predicated on providing evidence of solvency, specifically in the form of bank statements from the past 12 – 24 months. These can serve as the means for a down payment, in addition to taking the place of a traditional employment history for the years of W2 forms typically required of buyers during the application process. Bank Statement loan programs do not qualify under the new Qualified Mortgage (QM) rule (see the following reference http://www.consumerfinance.gov/askcfpb/1789/what-qualified-mortgage.html) and other regulatory measures have necessitated that most lenders conduct their due diligence, which often means loan candidates must meet specific, high-barred criteria. Not all banks offer Non-QM loan programs. Most large retail banks do not.

Bank Statement Program Verification

Bank statement loans are considered and referred to as EZ doc, low doc, stated or alternative doc income loans. Lenders may allow the use of personal or business bank statements to support a self-employed borrower’s income for qualification purposes. The documentation provided needs to document that the income is stable, likely to continue and sufficient to enable the borrower to repay the debt. The income presented must be reasonable for the profession or type of business. In addition, when using business bank statements to support the borrower’s income, the nature and structure of business must be evaluated to determine if the applied expense assumptions are reasonable.  The lender may still require additional documentation such as personal and business tax returns, check stubs, W-2s, 1099, payroll registers and VOEs to determine the borrower’s qualifying income.

Eligible Borrowers

To be eligible for this program, the borrower must be self-employed or earn over 25% of their income from self-employment, rental income, commission, bonus, or tip sources. Self-employed borrowers are:

  • Borrowers who derive 25% or more of their primary income from a business in which they hold a controlling interest
  • Borrower who derive their primary income from commissions, consultation fees, interest, capital gains, gratuities, or real estate rents
  • Borrowers who rely on investments for income such as interest, dividends, capital gains, or real estate

If one of the borrowers meets this eligibility requirement and the other does not, the borrower that is not eligible must fully document their income. The net deposits used from the bank statements for the self-employed borrower must not reflect the income that is fully documented for the other applicant (i.e. deduct Social Security payments, W-2 wages, etc).

The borrower’s business may be a sole proprietorship, a partnership (general or limited), or a corporation. They may also receive income documented by Form 1099, or filed on a Schedule C.

Borrower must have been in the same line of work or own the same business for two years. Self-employed borrowers must be able to document by a neutral third-party that the business has been in operation for the last two years and that they have had ownership for that period of time. Third-party verification includes:

  • A letter from a certified public accountant (CPA)
  • A letter from a regulatory agency or professional organization
  • Copy of business license

Borrowers that are employed by the seller, property seller, realtor, or receive foreign income are ineligible.

Income Documentation Requirements

The Borrower’s application must include all sources and amounts of income. The bank statements must support income listed on the application. Deposits from income sources that are not reflected on the 1003 or those not needed to qualify will not be included in the qualifying income calculation. Income sources separate from self-employment must be verified. Examples of verification include social security letter, employment verification, or divorce decree. If tax returns are provided for the borrower using bank statements to support their income, the loan must be fully documented.

Income may be documented by either personal or business bank statements. The co-mingling of personal and business or multiple business accounts is not allowed. If multiple accounts are used to show income and reserves, documentation must be provided to show evidence that the funds are separate and distinct.

Given the difficulty tracking and validating that cash flows are not moving between business entities, borrowers that own multiple business entities must use personal bank statements to support their income. Their personal bank statements should demonstrate the distributions they receive from their business interests to satisfy their personal obligations. Also, business bank statements may not be used when the borrower’s business has a number of employees, significant overhead or operating expenses. These would suggest that the expense assumption used in this program would not be applicable. This program is designed for the use of business bank statements when the borrower’s business is small in scope and has limited expenses.

Non-taxable income, such as child support payments, disability retirement plans, and worker’s compensation may be adjusted by 25% to determine the qualifying income. Verification must be made that the particular source of income is non-taxable and that both the income and its – status are likely to continue.

Bank statements reflecting the occurrence (one time or isolated incident) of NSF checks, wire transfers overdraft protection transfers, negative ending balances and transfers from other accounts must be satisfactorily explained and documented. Bank statements reflecting multiple NSF checks, overdraft protection transfers, negative ending balances, or lack a satisfactory explanation indicate cash flow problems and are not acceptable.

Bank Statement Requirements

Income may be documented by either personal or business bank statements. The co-mingling of personal and business or multiple business accounts is not allowed. If multiple accounts to show income and reserves are used, documentation must be provided to show evidence that the funds are separate and distinct. Borrowers who own multiple business entities must use personal bank statements to support their income. The most recent bank statements must be provided depending on the selected loan program.

Ineligible Bank Accounts 

The following outlines the types of bank statements that are ineligible for the bank statement programs.

  • Co-mingling of accounts whether personal and business or multiple business accounts is not allowed.
  • Bank statements reflecting other individuals who are not applicants for the loan are not qualified.
  • Borrowers with multiple businesses may not use business bank statements to support their income. Personal accounts are acceptable.
  • Business bank statements may not be used when the borrower’s business exhibits a number of employees, overhead, and operating expenses. In this case, personal bank statements may be used.
  • Bank statements which exhibit recurring NSF, wire transfers, overdraft protection transfers, and negative ending balances are not allowed.
  • A current 12 to 24 month history or the same bank account is required.

Changing of accounts is not acceptable.

Eligible Bank Accounts

The following types of bank statements are eligible for the bank statement programs:

  • Personal or business account such as a checking or savings
  • Deposits must be consistent and typical whether personal or business accounts are
  • Deposits that are larger than typical for the account may be included with a satisfactory explanation. Supporting documentation may be required. Atypical deposits are defined as more than 50% of the gross monthly determined
  • If the borrower’s spouse is on the personal bank account and not on the Loan, only 50% of the total deposits may be used for qualifying

Business accounts may only be used when the following applies:

  • Borrower (s) owns 100% of the business.
  • The business must be small in nature and have minimal overhead and operating expenses.
  • Low beginning and /or ending balances may require additional documentation up to and including full tax returns (1040’s, 1065’s 1120’s, ).

Determining Cash Flow from Bank Statements

A common sense approach to underwriting a borrower’s creditworthiness to determine the willingness and ability to repay the loan. This program provides for income calculation based on bank statements as an alternative method to tax returns to document the self-employed borrower’s ability to repay. Each borrower has a different situation and each Loan needs to be weighed on its own merit. If the borrower is self-employed or in a unique business, a narrative must be provided by the borrower that clearly outlines the nature of the business and the cash flows. The expense assumptions must be reasonable for the type of self-employment. Decreasing income trends must be explained and additional documentation may be required.

Any irregularity in the borrower profile or the documentation provided may be cause for the loan to become ineligible for purchase.

Calculating Income from the Bank Statements

The following outlines how to calculate the income using the borrower’s bank statements. The lesser of the income stated on the application or the calculated income using the cash flow from the bank statements will be used to qualify the borrower. The allowances below may be used to establish qualifying income:

  • 100% of the deposits from the borrower’s personal accounts
  • 50% of the deposits from the borrower’s business accounts

If the business expenses appear to be greater than 30%, the use of business bank statements to support the borrower’s income will not be accepted. Personal bank statements will need to be provided.

Examples of businesses that would typically have expenses that exceed 30% include a construction company, restaurant, or retail firm.

The average deposits will be used to determine the borrower’s income for qualification purposes. Deposits must be typical and consistent for the borrower’s line of work. Transfers from a borrower’s business account to a personal account are acceptable if they are consistent, i.e. the borrower is paying himself regular distributions.

Atypical deposits may not be included unless supporting documentation is provided to show that the monies would be typical for the borrower’s type of business or line of work. Credit back from returns and cash advances from credit cards are not acceptable to be included in the qualifying income

Verbal Verification of Employment

For W-2 employees, a verbal verification of employment within 10 days of the loan closing must be performed.

2106 Unreimbursed Employee Expenses

If you personally paid for expenses that were related to your job during the tax year, many of these job-specific expenses may be eligible to be deducted on your return. For you to be able to deduct the expense, it must be a common, helpful, and appropriate expense for your field of work. An expense does not necessarily have to be required for it to be deductible. If your employer reimbursed you for the expense, it cannot be included in your deduction. Deductible expenses generally fall into one of two categories: job-specific expenses and travel-related expenses.

Examples of job-related expenses are:

  • Safety equipment, small tools, and supplies needed for your job.
  • Uniforms required by your employer that are not suitable for ordinary wear.
  • Protective clothing required in your work, such as hard hats, safety shoes, and glasses.
  • Physical examinations required by your employer.
  • Passport for a business trip.
  • Job search expenses in your present occupation.
  • Depreciation on a computer your employer requires you to use in your work.
  • Dues to professional organizations and chambers of commerce.
  • Licenses and regulatory fees.
  • Subscriptions to professional journals.
  • Occupational taxes.
  • Union dues and expenses.
  • Fees to employment agencies and other costs to look for a new job in your present occupation, even if you do not get a new job.
  • Certain work-related educational expenses

Examples of travel related expenses you can include are:

  • Cost of getting to and from your business destination (air, rail, bus, car, etc.).
  • Meals and lodging while away from home
  • Cleaning and laundry expenses
  • Meals and entertainment, only if they are directly related to the active conduct of your trade or business. However, the expense only needs to be associated with the active conduct of your trade or business if it directly precedes or follows a substantial and bona fide business-related discussion.
  • Vehicle expenses for the business use of your personal vehicle.

If you did pay any qualifying unreimbursed employee job-specific expenses during the tax year, you can enter these under: Deductions > Itemized Deductions > Unreimbursed Employee Business Expense.

If you did pay any qualifying unreimbursed employee travel-related expenses during the tax year, you can enter these under: Deductions > Itemized Deductions > Job Related Travel Expenses (Form 2106).

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes.

Business Purpose & Commercial Financing Available in All 50 States: Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

Follow our Mortgage on:

http://www.facebook.com/pmccanhelp

http://twitter.com/pmccanhelp

http://www.linkedin.com/in/pmccanhelp

Follow our Realty on:

http://www.facebook.com/pmcrealty

https://twitter.com/pmcrealty

CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823

Buying a “As-Is” Distressed Property That Needs Repairs?

Selection of tools in the shape of a house

So you found a home that you just have to have, but it is distressed and in need of repairs.  The issue you are having is that it is a REO (real estate owned) bank or government owned (pre-foreclosure or foreclosed) property and they are firm about what they will and will not cover.  In many cases the lien(s) on the property outweigh the value of the home and they are already losing.

Normally, the homes are sold “as-is” with no repairs allowed before closing of escrow.  it would be wise to have a home inspection done prior to ordering the appraisal to ensure that any major work needed is something you can handle.  The cost of the home inspection is well worth the investment to protect you from unseen issues. If the home is a good buy then the risk may be well worth it.  If not, then the inspection report can assist you in being able to back out of the deal and not risk losing your earnest deposit.  Unfortunately, the seller (bank or government agency) doesn’t usually cover the cost of any repairs and very rarely do they allow the buyer to pay for them.  Depending on how motivated the bank is to dump the property, everything is negotiable.  That is why you have a real estate agent that is representing you.  Have the agent see if the work that is required to be completed can be invoiced and paid through escrow at closing.  Remember, there is always a risk and anything is possible.  Something could derail the deal and it may not fall through after you have invested your own money to fix a home that you will never own.  So there is a little bit of gamble. Keep in mind that VA doesn’t allow for termite repairs to be paid for by the buyer.  You may need to negotiate building the cost into the price of the home in order for the seller to complete.  Another solution is to consider doing a FHA 203k or Conventional Home Renovation loan.  It entails a little more paperwork, the interest rate on the loan may be higher, some additional fees and few extra steps:PMC Renovation

FHA and VA home loans have stricter requirements that have to be met versus Conventional financing.  In most cases, the repairs required for health and safety that are noted on the appraisal will have to be done prior to the close of escrow with no exception, such as the utilities (electric, plumbing and heating) to ensure they are working functioning.  Even peeling paint can be hazardous, especially if the home was built before 1978 due to the lead that was used in most paints.  HUD minimum standards also requires all appliances to be operational, proper drainage, report marketability of homes in airport zones, safe and public access to the home, viable access to the attic, and proper ventilation in the crawl space.  A common repair could be possible roof repairs that may be required to be completed prior to closing if it is lacking at least two years of life expectancy (this has changed from three to two in 2018).  The most commonly missed repairs are functioning smoke/carbon monoxide detectors and double strapping (earthquake proof) hot water heaters, which may not be required by local code, but a lender overlay requirement. 

If the appraiser sees mold or any structural damage they may require a home or roof inspection to be completed by a contractor.  The appraiser is not qualified to make any assumptions.  If so, there may be other repairs  that will be required to be completed.  Other home repairs, such as flooring, can be completed after the close of escrow if the lender allows an escrow holdback.  The lender may have a maximum dollar amount of repairs that can be held into an escrow account.  The lender will usually require an additional pad of funds to cover the cost of work to be completed and the buyer will be reimbursed the unused portion upon completion.  An appraisal completion report (1004D) will be required for the appraiser to go back out and verify the work has been completed to standards.  Make sure the realtor verifies all work has been completed.  They should obtain the itemized invoice that has the contractors company information and a signature and date when the work was completed.  The invoices need to be given to the escrow agent who will send a copy to the buyer and/or lender.

Ask your agent for a “Hold Harmless – Buyer Agreement for Repairs” example: 

HOLD HARMLESS

BUYER AGREEMENT FOR REPAIRS 

This Buyer Agreement for Repairs (this “Agreement”) is made and entered into as of the ____ day of ________________  , 20____ , by and among _________________________________  and ______________________ (“Seller(s)”) and _____________________________________ and _______________________________  (“Buyer(s)”).  

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:  

Buyer has chosen to have repairs done prior to the close of escrow, at their expense for the property located at _________________________________________________ ,   

If for any reason escrow does not close, the Buyer will be responsible for any and all costs incurred for the repairs done.  

Buyer is responsible for any damages incurred as a result of repairs.  

Buyer shall indemnify and hold harmless Seller, Seller’s affiliates, Realty Company, it Brokers, Agents and Employees from any and all damages, losses, liabilities, suits, judgments, costs and expenses (including reasonable attorney’s fees) for claims arising out of Buyer’s performance of this Agreement to the extent claims for injury or damages are caused by or result from the negligent or intentional acts of Buyer or for insufficient or improper repairs..  The foregoing indemnification and repair obligations shall survive the close of escrow and the Purchase Agreement which is hereby incorporated by reference.  

Buyer ______________________________________   Date  _____________________     

Buyer ______________________________________  Date  _____________________ 

Seller ______________________________________  Date ______________________ 

Seller __________________________________________   Date ________________________ 

CA, WA & OR Residential Properties: Single Family Residences, Multi-Family 2-4 Units, Condos & Townhomes.

Business Purpose & Commercial Financing Available in All 50 States: Multi-Family 5+ Units / Apartment Buildings, Office, Retail, Industrial and Mixed-Use.

Got a Loan Scenario? Email scenario to info@pmccanhelp.com.

Apply Online and get pre-approved www.pmccanhelp.com.

PMC has over 50 loan programs and all of our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our client’s unique needs, but this is just the beginning of our service.

Visit Our Website: www.pmccanhelp.com

FOR A FAST PRE-APPROVAL: Complete a loan application APPLY NOW on our website and follow Steps 1 and 2.

Job Opportunities? Now is the time to see how PMC Can Help You earn what you deserve! Now hiring NMLS MLOs, Real Estate Agents, Account Executive, Business Development Managers and Branch Managers. Visit our Website and Download Our New Hire Application Today!

Follow our Mortgage on:

http://www.facebook.com/pmccanhelp

http://twitter.com/pmccanhelp

http://www.linkedin.com/in/pmccanhelp

Follow our Realty on:

http://www.facebook.com/pmcrealty

https://twitter.com/pmcrealty

CA, WA & OR NMLS 266371 | CA BRE 01183898 | WA RE 19823