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Single family and 2-4 unit mortgages

Livco Financial offers simple doc, stated income mortgages for non-owner occupied single family homes, condos and 2-4 units. Our flexible loan programs accommodate many common bank denial issues at terms much better than hard money. Programs include the innovative Livco Smartloan™ and Fix+Flip Bridge loan.

Loan Program Smartloan™ Fix+Flip Bridge
Loan Amount $100k-$2mm $100-$1mm
Max LTV 70{7077ec8b5cdef873f7acef4723154672092668411547456cb6d4236f19ee7792}* 90{7077ec8b5cdef873f7acef4723154672092668411547456cb6d4236f19ee7792}*
Loan Term 30 year 12 mo
Amortization 3yr fixed/30yr ARM interest only
Interest Rate from 6.99{7077ec8b5cdef873f7acef4723154672092668411547456cb6d4236f19ee7792}* from 9{7077ec8b5cdef873f7acef4723154672092668411547456cb6d4236f19ee7792}*
Min FICO 600-640* –
Balloon Payment None yes
*Rate and max LTV vary based on many factors including loan amount, credit history and property.

No red tape – just a reliable lending partner

Our common sense, asset based underwriting solves a long list of issues that can cause good borrowers to miss conventional bank’s lending profile. Here are many that the Livco Smartloan can solve:

True stated income – No tax returns
No debt to income requirement
Wage earners or self employed – OK
Bruised credit or bank denial – OK
No loan reserves required
More than 10 properties – OK
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General program highlights depend on many factors and are subject to change at any time. Please contact your loan consultant for your scenario.

Better alternative to hard money

One of the most difficult parts of the real estate business is having limited options in tough situations. Hard money loans force you into a corner with difficult terms. Our Smartloan program offers a simple process, better terms, and term flexibility with no hard money balloon payment due.

Cash out refinancing simplified

Our mortgage programs can allow cash out financing options not available from banks. Wage earners, self employed, retired investors and many others can have financing challenges that trap equity in their properties. With Livco Financial’s unique programs, you can unlock equity for other uses such as investing in businesses or more real estate.

Fix+Flip Bridge loans up to 90{7077ec8b5cdef873f7acef4723154672092668411547456cb6d4236f19ee7792} LTV

Experienced rehab investors can take advantage of our unique Fix+Flip bridge loan program. Fast, streamlined processing can provide funding in as little as 5 days. And a flexible 90{7077ec8b5cdef873f7acef4723154672092668411547456cb6d4236f19ee7792} max LTV provides investors a powerful financing tool to close more deals and maximize capital.

Free consultation on your scenario

Our experienced loan consultants look forward to discussing your scenario. For more information, give us a call at 877.742.7888 or request a Quick Loan Quote.