Best Used Only on Already Remodeled Property (LLC Only)

LOAN PRODUCT NAMELTVVALUATION
PROCEDURE
MINIMUM
DOWN
PAYMENT
INTEREST
RATE
REPAIR
ESCROW
REQUIRED
TERMDESCRIPTION/
REQUIREMENTS
Best Deal in Town50%As-Is30%-50%7.99%No15 Yr ARM, Floating WSJPurchase Products Only
Standard Down Payment60%As-Is20%-40%8.99%No15 Yr ARM, Floating WSJAlso Available in Refinance Products
Low Down Payment70%As-Is10%-30%9.99%No15 Yr ARM, Floating WSJAlso Available in Refinance Products

Best Used When Flipping the Home

LOAN PRODUCT NAMELTVVALUATION
PROCEDURE
MINIMUM
DOWN
PAYMENT
INTEREST
RATE
REPAIR
ESCROW
REQUIRED
TERMDESCRIPTION/
REQUIREMENTS
Zero Down60%As-If0%-40%10.99%Yes20 Yr ARM, Floating WSJAlso Available in Refinance Products
Zero Down70%As-If0%-30%11.99%Yes20 Yr ARM, Floating WSJAlso Available in Refinance Products
Zero Down Interest Only60%As-If0%-40%11.99%Yes6 Months Interest OnlyConverts to 30 Yr ARM at 13%
Zero Down Interest Only65%As-If0%-35%12.99%Yes6 Months Interest OnlyConverts to 30 Yr ARM at 13%
Summus70%As-If0%-30%10.99%Yes20 Yr ARM, Floating WSJSummus Agents Only
Summus Flips60%As-If20%-40%11.99%No20 Yr ARM, Floating WSJSummus Preferred Investors Only