PROPERTY:

Castle Oak Ct, Clarksburg, MD 20871

DESCRIPTION:

  • New construction purchase price is $955,500 (with upgrades)
  • Loan Amount is $400,000
  • Cash to close is $605,000
  • Bank statement provided shows almost $430K after EMD of $180K

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $400,000 1st Mortgage
Value of Subject Property: $770,000
Loan to Value: 52%
Term requested: 12 Month Balloon
Exit Strategy: Refinance
Credit Score