 |
| It is important to note that every loan is customized to meet the needs of each borrower, therefore our terms may be flexible even beyond what is described below.
Loan size: From $25,000 to $5,000,000
Time to Close: 2 days to 2 weeks
Credit: All credit considered
Loan to Value: Up to 65% on improved real estate based on current appraised value
Loan purposes: Purchase, refinance, cash-out, matured note, operating capital, or financing for vacant building
|
 |
E-mail info@benworthcapital.com an address, executive summary of case, pictures and as much info that can be provided at this point which will be crucial to make an underwriting decision. Within 24 hours you will be notified on our decision.
Upon acceptance, we will provide a Letter of Intent (LOI) specifying our terms and conditions.
Once the customer executes the Letter of Intent and provides application fee, you must provide Benworth Capital Partners with a full package.
Closing will take place once all documents are in order and title work is ready.
|
 |
□ LTV_____________ DTI________________ Credit Score_______________
□ Full and complete 1003 with liabilities
□ Full Credit-tri merge
□ Full and complete disclosures
□ appraisal, pictures
□ 30 Days paystub
□ Last year tax or W2
□ Verbal VOE
□ Last bank statement
□ If corporate title, resolution from company authorizing purchase.
□ If corporate title, one house per corporation. Affidavit showing that only one house per corporation will be encumbered.
□ If self employed, letter from accountant stating that borrower is self employed and that the accountant has prepared the taxes for the last 2 years. Gross income must be specified. Call accountant and make sure he wrote letter. Form in the file
□ If self employed, funds for transaction can not come from company funds. The only exception to this is if the company CPA writes a letter stating that the money for the transaction will not adversely affect the company. If corporate title, funds can come from that company.
□ If commercial, Phase 1 environmental report may be required.
|
|
| |
 |
|
 |
|
| |
 |
 |
| |
 |
REQUIRED DOCUMENTS FOR A FOREIGN NATIONAL
APPLYING FOR A LOAN
The following documents and information are required for a home mortgage application with this Firm.
1. Your complete address
2. Copy of your passport. (All written pages).
3. Original letter signed by an accountant with the following information:
Your gross income for the last two calendar years
Your gross income from the month of January until the present moment
4. Three credit reference letters. Two (2) of the three letters should be by a bank.
This information should be on the company’s letterhead.
It is extremely important that all the letters be in ENGLISH. However, if they are not in
ENGLISH, a legal translator is required.
5.The last three bank account statement in your own country or in the United States, with the account numbers and the balances of each account. It is better if your money is in a United States bank account.A check payable to Benworth Capital Partners Incorporated in the amount of $500.00 (US Dollars), for a credit report and the appraisal of the property you are buying.
 
|
 |
