|
90% Loan
to Value Investment Property Home Equity Line of Credit
As of 5.5.2007
OVERVIEW
|
Credit Score
Requirement |
660 @ 80% /
680 @ 90% |
|
Income Documentation |
Full
Document Only |
|
Eligible
Properties |
Single Family,
1-2 Unit Multifamily, Condo, Town Home and Modular Housing |
|
Structure |
120, 180, 240,
300 or 360 Months. Interest Only. No Prepay Penalty.
Minimum Line Amount - $10,000 |
|
Loan Amount |
$10,000 -
$200,000 (A higher minimum loan amount may be required for certain
states) |
|
Property
Seasoning |
12 Months |
|
Appraisal
Requirement |
Appraisal may
not be required |
|
Progressive Fees |
The greater of
1% or $300 |
|
State
Restrictions |
None.
Available in all 50 states |
Due to the
overwhelming demand for High Loan
to Value Investment Property HELOCs, Progressive is pleased to offer
a 90% HELOC for your Investment Properties. This vehicle should be placed
on EVERY property in your portfolio. When you need to convert equity into
quick cash for rehabs and quick opportunity buys such as pre-foreclosures
bailouts, and time sensitive auctions,
the
90% HELOC's will be the key to avoiding expensive partners, maxed out
credit cards and the loss of profitable opportunity buys.
Apply Today
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