Borrower Guidelines
| Residential Non-Owner | 70% | 80% | 65% | Unlimited | |
| Commercial | 60% | 80% | 60% | Unlimited | |
| Multi-Family Mixed-Use | 60% | 80% | 60% | Unlimited |
Exceptions Considered
Construction and Rehab on a case-by-case basis
NO RESIDENTIAL OWNER-OCCUPIED LOANS
Private Money Loans with Fast Closings, Competitive Pricing, & Professional Service
- Min. Loan Amount: $100,000
- Max. Loan Amount: Case by Case
- FICO: No FICO requirement
- Mortgage History: NON FACTOR
- Late Payments: NON FACTOR
- Bankruptcy: Considered
- Foreclosure: Considered
*California property owners only.
Important Information
Property Types
1-4 family homes, condos, townhouses, PUDs, mixed-use, commercial, multifamily. No manufactured or mobile homes.
CLTV
85% CLTV allowed for purchase transactions on residential properties with seller-carry or other secondary financing. Example: 70% 1ST and 15% seller-carry! 15% down payment. 80% is allowed on commercial, multifamily, and mixed-use properties for purchase transactions only with seller carry or other secondary financing.
Loan Amount Range
Min. Loan Amount: $100,000. Max. Loan amount: case by case.
Employment & Assets
Employment must be disclosed for all document types and needs to state the company name, phone number, and position. Assets must be disclosed and verified for SIVA documentation types. Assets must be stated on the SISA document type.
FICO
No FICO requirement
Standard DTI/DSC
NON FACTOR
Mortgage History
NON FACTOR
Lates
NON FACTOR
Judgments, Delinquent Taxes, and Other Liens
All liens on the title must be paid at closing, or the borrower must provide evidence of satisfaction. The title must indicate that any liens will be removed from the record upon payoff of the same. Tax liens are required to be paid prior to closing or may be paid off through proceeds at closing.
Bankruptcy
Considered
Foreclosure
Considered
Income Documentation
Full Doc, SIVA, SISA
Cash Out Restrictions
Unlimited
Loan Application Process
Each form below must be filled out and returned to Saxe Mortgage Company. Click here to download all forms in one zip file. You can download them separately below. Call for the correct delivery method for your application.