Private Money Financing
Boxwood Mortgage’s Private Money Loan. 20% down payment / 80% Loan to value when refinance.
Private Money Financing; Boxwood Mortgage Private Money Loan
Loan Parameters:
- 20% down payment / 80% Loan to value when refinance.
- No credit score or low credit scores is okay. With Alternative tradelines.
- No mortgage insurance required.
- Gift funds from a relative for closing are allowed.
- Primary Residence and Investment.
- Fixed rates available.
- Terms of 10, 15, 20 and 30 year loans. As well as 6-12 Month Hard money loans.
- No prepayment penalties to pay early or extra each month.
- Borrowers with TAX ID or ITIN # are okay.
- Alternative income documents are acceptable.
Types of Income Documents Allowed:
- CPA/ Accountants Letter required when self employed.
- 12 Month Bank Statements.
- Two years of 1099’s.
- Two years of W2’s.
- Lease agreement on rental income from existing property.
- Two years tax returns.
- Verification of Employment for the last 2 years.
Bryan E.
Came to the Contrasto team to prequalify for a new house loan. We had worked with Contrasto when getting our current home.They took time to explain what we needed, ad were very helpful in suggesting where we could get additional help. They are great partners. The Contrasto team was very professional, courteous and provided excellent service to me when I was buying a new home.
Santiago T.
“My wife and I have used Patti's services on two different occasions when we purchased homes. She always provided excellent service, is very knowledgeable, very professional, and very friendly. We highly recommend her.”
Heltor H.
"Outstanding service!!! Patti and Team are amazing!! They will work hard to get you the best possible deal and ensure the entire process is completed in a timely manner. All the while explaining you the entire loan cycle step-by-step, so you never feel out of place. If you have any doubts about whom you should be working with, contact Patti and Team. You won't regret it!!"