If you’re interested in investing in Real Estate or you are already doing it, I’m sure one of the things that you are least looking forward to whenever you’re going to acquire a new property, is to go through all the documentation in order to get a loan.

In this new episode of Monday Mortgage Madness, I’m offering you a solution for that, to make things simpler and faster.

This is a new program designed mainly for investors, who would be in the position to start with a 20-25% of down payment.

A low/no documentation loan allows a potential borrower to apply for a mortgage while providing little or no information regarding their employment, income or assets.

What are the requirements?

Mainly, proof of assets. You basically put down the money, with no need of doing a rental survey, no income verification needed. This is a great program to start investing quickly into properties and a great alternative to Private Money Loans.

These private money loans are backed by the value of the property and since the property itself is used as the only protection against default by the borrower, they have usually lower loan-to-value (LTV) ratios than traditional loans.

We need to keep in mind that private money loans are not made by banks, but by individuals who are probably aiming to make some business. Who is their target? People who are looking for short term financing and borrowers with poor credit but great equity in their property.

However, this new program has more advantages as you won’t need to spend any money to earn points and we can seal the deal very quickly, where we’ll have to do an appraisal but with very little paperwork.

So that’s all for today, hope you found this article useful so far and don’t hesitate in reaching me out if you have any questions or need a consultation.

Stay hungry and stay positive!

Make it a great day,

Sean La Rue


Instagram: @seanlaruehomeloans


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About Sean La Rue

Sean lives in the Palm Desert area and works with Franklin Loan Center as the Senior Vice President. Sean is ready to provide you the concierge level-of-service experience in purchasing or refinancing a home in Palm Springs, Palm Desert, La Quinta, Rancho Mirage, Coachella, Indio, or anywhere in California. His commitment is to treat your home loan like his own because he cares about your family.

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