TEXAS BAD CREDIT CASH OUT REFINANCE INVESTMENT PROPERTY
Texas Bad Credit Cash OUT Refinance UP To $500K In Hand!

BAD CREDIT TEXAS CASH-OUT REFINANCE-PURCHASE MORTGAGE LENDERS

Texas Mortgage Lenders Bad Credit Mortgage Loan Programs Include:

• Bad Credit Texas Mortgage Lenders
• FHA Texas Mortgage Lenders – Per Texas Lending Laws This Option Not Available In Texas!
• Self Employed Mortgage Lenders
• Stated Income Texas Mortgage Lenders
• VA Texas Mortgage Lenders – Per Texas Lending Laws This Option Not Available In Texas!
• Texas FHA Mortgage Lenders

TEXAS BAD CREDIT TEXAS MORTGAGE SPECIALIST

•  Property Types:
• SFRs, condos, townhouses, 2-4 units
• The property must be clean and in better than average condition
• The property must show “pride of ownership”
•  Loan Terms: 5 year ARM, 7 year ARM or 30 Year Fixed
• 2-year Prepayment penalty
• All loans require to impound for tax and insurance

INCOME DOCUMENTS FOR TEXAS BAD CREDIT CASH OUT REFINANCE

• 70% Cashout % of Appraisal value.
• Min loan amount $100,001-$1,000,000
• FUll Doc W2 pay stubs 1099s
• 1-year tax returns self-employed
• Alt doc 24 months personal or business bank statements for self-employed borrowers.
• 12 months personal bank statements for self-employed borrowers.

DOWN PAYMENT- TEXAS BAD CREDIT INVESTMENT MORTGAGE LENDERS

• All down payment funds must be verified prior to drawing loan documents.
• Secondary financing 75% Max/90% cltv.

RESERVES BAD CREDIT INVESTMENT MORTGAGE LENDERS

• 6 months reserves required on loan amounts over 1 million

540+ GRADE  B- TEXAS BAD CREDIT CASH OUT REFINANCE

• MIN 540+ FICO
• MORTGAGE 0 X 90 IN THE LAST 12 MONTHS
• NO BK/1 YEAR OUT OF FORECLOSURE
• PURCHASE 70% LTV = RT REFINANCE 70% LTV
• CASHOTRE FINANCE UP TO 65% LTV

600+ GRADE B TEXAS BAD CREDIT CASH OUT REFINANCE

• MIN 600 + FICO
• MORTGAGE 0X60 IN THE LAST 12 MONTHS
• NO BK 18 MONTHS/NO FORECLOSURE IN LAST 2 YEARS.
• SS/DIL SETTLED

640+ GRADE A- TEXAS BAD CREDIT CASH OUT REFINANCE

• MIN 640+ FICO
• MORTGAGE 1 X 30 IN THE LAST 12 MONTHS
• NO BK/  2 YEARs OUT OF FORECLOSURE
• NO SHORT SALE OR DEED IN LIEU FOR 1 YEARS.
• PURCHASE 80% LTV = RT REFINANCE 80% LTV
• CASH OUT REFINANCE UP TO 80% LTV

680+ GRADE A TEXAS BAD CREDIT CASH OUT REFINANCE

• MIN 680+ FICO
• MORTGAGE 0 X 30 IN THE LAST 12 MONTHS
• NO BK/ 3 YEAR OUT OF FORECLOSURE
• NO SHORT SALE OR DEED IN LIEU FOR 2 YEARS.
• PURCHASE 80% LTV = RT REFINANCE 80% LTV
• CASH OUT REFINANCE UP TO 75% LTV

TEXAS BAD CREDIT MORTGAGE LENDERS PROGRAMS INCLUDE: