Archive for June 8th, 2007

Countrywide still has good loan packages!

Posted on June 8, 2007. Filed under: Informed Investor Alliance, Orange County Real Estate |

Hey everybody!  We know that lending-land has been turned upside down lately, but there is still some calm in the storm.  Our Countrywide lender David Frank has this GREAT program, called “Fast and Easy”.  He says:

 Basically, I can offer any client with good credit, a down payment and two years in the same line of work, the ability to go stated income and stated assets at full documentation rates. I do not ask for tax returns, w’2s, pay stubs or bank statements. We streamline it for the client by only requiring an application. Since we do not require documentation and our processing, underwriting and funding is done in my branch, I can close the home loan in 10 days from start to finish.

$625,000 Sales Price with 5% Down Payment and a 680 credit score.

$1,250,000 Sales Price with 10% Down Payment and a 700 credit score.

$2,000,000 Sales Price with 25% Down Payment and a 720 credit score.

There are no points and no prepayment penalties on any of our adjustable or fixed rate products. These loan amounts and credit scores are for the purchase or refinance of a primary residence, single family or condominium. However, the Fast & Easy Program is available for Second Homes and Investment Properties.

$812,500 Sales Price with 10% Down Payment, 700 credit score on Second Homes

$556,000 Sales Price with 25% Down Payment, 700 credit score on Investments

Mike and I have both had multiple loans with Countrywide and they are one of the lenders we have NEVER EVER had a problem with.  If you want to “buy low” right now, call David and he’ll make it easy for you.  His Cell is 949-374-0421, he answers on weekends, but you didn’t hear that from us 🙂