SmartFunds

SmartFunds was designed to provide attractive financing for borrowers qualifying primarily with liquid assets. It features loans up to $3M, with no employment, income or tax documentation required!

Highlights:

• Loan Amounts up to $3,000,000
• No employment or income documentation
• 90% LTV Purchase/Rate Term No MI
• 85% LTV Cash out No MI
• $1,000,000 Cash-in-hand/debt payoff
• Up to 15 financed properties
• Fixed 30; ARM 5/1, 7/1, 10/1 all with optional Interest Only
• 4+ years derogatory credit; 680 FICO
• Reserves waived for RT Refis where LA<$1.5m, 0x30x12, and decreasing mortgage payment

For Borrowers Qualifying Using Liquid Assets Rather Than Employment or Income

Here's how it works:

Simply put, we add up all their eligible assets and subtract the entire loan amount and closing costs. Then we compare that to their total monthly obligations over 5 years plus reserve requirements. If qualifying assets are greater than their total obligations and reserves, they qualify.

Example: 

Refer to guidelines to determine which assets may be used and to what extent.