CLTV Program

This is a very special program that is not offered with many other Mortgage Companies. Please read the details of this program to get a better understanding and to see if this program is a good fit for you.

Note: This program is subject to change at any given time; feel free to check this site periodically to updates.

CLTV PPROGRAM:

CLTV means Combined Loan to Value. Using PhoneOps CLTV Wholesale program, PhoneOps will do a 1^st lien at 75% LTV, the Seller can do a 15% 2^nd lien and the borrower put only 10% down.

This program is also available Retail, view the CLTV splits below:

80% Lender

10% Seller

10% down for Borrower

= 100% CLTV

(Sales price $625k & Under)

75% Lender

15% Seller

10% down for Borrower

= 100% CLTV

(Sales price $626k & Up)

70% Lender

15% Seller

15% down for Borrower

= 100% CLTV

(Sales price $500k & Up)

50% Lender

50% Seller

0% down for Borrower

= 100% CLTV

(Sales price $2M & Up)

The CLTV Splits are based on your credit, property location and sales price so getting approved for PhoneOps CLTV program is needed in order to know what you qualify for.

PHONEOPS CLTV PROGRAM IS AVAILABLE NATIONWIDE!!!

10% DOWN PAYMENT:

The standard down payment for commercial properties ranges from 25% depending on credit, the property and if it’s already income producing. No matter what anyone say, putting 10% down is extremely better than putting 25% down so this is still a great opportunity.

Keep in mind, putting 10% down provides a higher LTV on the Lender side and a lower LTV on the Seller side. Some Sellers have mortgages and doing a higher Seller 2^nd wouldn’t clear their mortgage so they will deny doing the 2^nd. 95% of Sellers would do a 2^nd if the 2^nd is only 10%-15% for 12 months.

TODAY’S REAL ESTATE MARKET:

Most potential homeowners are forced to rent because nowadays, the interest rates are much higher than normal; it’s messing up their DTI making them to not qualify for a home mortgage so is it a Buyer’s Market? NO!

Sellers are listing their properties but if no Buyers are available to purchase them, does this make it a Seller’s Market? NO!

At this point, it is a Landlord’s Market so now is the time to purchase more than ever as more renters are in need of rental housing.

Properties Allowed:

Rentals

1 – 100+ units

Mix Use

2 – 100+ units

Commercial

Properties

GUIDELINES ON 1ST LIEN:

View the guidelines based on the CLTV Split below:

For 80/10/10 Split

(10% Down Payment)

* MIN FICO: 620 & up

* Loan amount: $100K to $500K

* Rate: 9% to 15%

* Term: 30yrs – 1st 10yrs I/O

* PhoneOps order Appraisal

For 75/15/10 Split

(10% Down Payment)

* MIN FICO: 650 & up

* Loan amount: $100K to $7M

* Rate: 9% to 14%

* Term: 30yrs – PITI plus PPP

* PhoneOps order Appraisal

For 70/15/15 Split

(15% Down Payment)

* MIN FICO: 600 & up

* Loan amount: $500K to $7M+

* Rate: 8% to 12%+

* Term: 25yr – 30yr

* PhoneOps order Appraisal

For 50/50 Split

(No Down Payment)

* MIN FICO: 500 & up

* Loan amount: $1M to $50M+

* Rate: 12% to 18%

* Term: 1yr – Interst Only

* No outside Appraisals

Download the full Guidelines to better understand if your project is a good fit:

MINIMUM REQUIREMENTS:

* A Social Security card

* Application Fee $295 WAIVED

* Must have a Checking Account

* A valid Driver’s License or State ID

* A Tri-Merge Credit Report fee of $57

* Must be able to show proof of closing cost

CLTV – Loan Application

First Name & Last Name:

Contact Number:

Email Address:

Full address including city, state, zip & county: (Where you currently live)

How long have you lived at this address? If less than 2 years, provide previous address including city, state, zip and date moved in.

Address Type:

Own

Rent

How much you pay per month in rent or mortgage?

Marital Status:

Married

Unmarried

Separated

Divorced

Widow

Date of Birth:

Social Security Number: (We must pull your credit)

Estimated Credit Score:

Upload Credit Report here: (if any)

Borrower Ethnicity:

Hispanic or Latino

Not Hispanic or Latino

Borrower Race:

List the names and ages of all dependents. (If none, put N/A)

Purchase Price:

Upload Sale's Contract here:

Full address of the property including City, State & Zip: (If none, put N/A)

Total Square Footage:

Total amount of Units:

Annual Taxes:

Annual Property Insurance:

CLTV Split you are looking to get approved for:

Do you already have a Seller that agrees to a Seller 2nd?

Yes - 10% Seller 2nd

Yes - 15% Seller 2nd

Yes - 35% Seller 2nd

Yes - 40% Seller 2nd

Yes - 50% Seller 2nd

Do you have your 10% to put down plus closing cost?

No, not yet

Yes, I have my 10% down payment and closing cost

The purpose of the CLTV Program is to get an income producing property in your name with less or no money down as long as the Seller participates. The Seller 2nd is not designed for a long-term loan. When term is close due, come back to PhoneOps to refinance for a permanent term while paying off only the 2nd lien. Click the check mark to agree to these terms.

Closing Cost may range anywhere from $15k to $400k+ depending on the loan amount. Do you understand?

Do you agree to work with our Assigned Real Estate Agents?

How many properties do you currently own? (If none, put N/A)

The next 10 QUESTIONS is for Employment: (Put N/A if you don't work) 1. Full Name of Employer or Business Name:

2. Full address including City, State & Zip:

3. Contact number:

4. Job Title:

5. Start Date:

6. Monthly Income:

7. If you own your own business, complete this page, if not, go to the next page: Enter the state of Incorporation your company is registered in:

8. Company's Website:

9. EIN:

10. List all Owners and percentage of ownership: (Must equals to 100%)

Is there a Co-Borrower?

No, there is no Co-Borrower

Yes, there is a Co-Borrower and he/she will complete their application next

Yes, I am the Co-Borrower & this is my application

If so, put their full name here or put N/A: (If you are the Co-Borrower, put the Borrower's full name here)

Provide a FULL Scenario on what you are in need of doing, how much it will cost, etc:

There will be a one-time Tri-Merge Credit Report fee of $57 & you’ll be re-directed to the site to pay after completion of this application. PhoneOps has to pull your credit to see what you qualify for. Do you understand?

No, Disregard my Application

Yes, I will pay $57 after completing this application

NOTE: If your credit is locked, you must unlock your credit from all 3 Credit Bureaus after you pay your invoice & keep it unlocked until we pull your credit to avoid paying another fee of $57. Do you understand?

No, Disregard my Application

Yes, all 3 Credit Scores are Unlocked. PhoneOps may pull my Credit

This completes the Application. Please Rate your opinion:

1-Too long

2-It was fine. Not too long

3-Anxious in getting approved

4-Excited, Lets get the 3-Step Process complete!

Enter the name of the person that sent you to this site to place your file as "Priority".

Checking this box means you agree to our terms which are: 1: You willingly applied online to one of PhoneOps mortgage loan programs and will complete the 3-Step Process for potential loan approval. 2: You agree that PhoneOps must pull your credit. 3. You agree that your credit is unlocked. 4. You agree that the one-time Tri-Merge Credit Report fee of $57 is NON REFUNDABLE.

6 + 1 =

CLTV Program

CLTV Program

This is a very special program that is not offered with many other Mortgage Companies. Please read the details of this program to get a better understanding and to see if this program is a good fit for you.

Note: This program is subject to change at any given time; feel free to check this site periodically to updates.

CLTV PPROGRAM:

CLTV means Combined Loan to Value. Using PhoneOps CLTV Wholesale program, PhoneOps will do a 1st lien at 75% LTV, the Seller can do a 15% 2nd lien and the borrower put only 10% down.

This program is also available Retail, view the CLTV splits below:

80% Lender

10% Seller

10% down for Borrower

= 100% CLTV

(Sales price $625k & Under)

75% Lender

15% Seller

10% down for Borrower

= 100% CLTV

(Sales price $626k & Up)

70% Lender

15% Seller

15% down for Borrower

= 100% CLTV

(Sales price $500k & Up)

50% Lender

50% Seller

0% down for Borrower

= 100% CLTV

(Sales price $2M & Up)

The CLTV Splits are based on your credit, property location and sales price so getting approved for PhoneOps CLTV program is needed in order to know what you qualify for.

PHONEOPS CLTV PROGRAM IS AVAILABLE NATIONWIDE!!!

10% DOWN PAYMENT:

The standard down payment for commercial properties ranges from 25% depending on credit, the property and if it’s already income producing. No matter what anyone say, putting 10% down is extremely better than putting 25% down so this is still a great opportunity.

TODAY’S REAL ESTATE MARKET:

Most potential homeowners are forced to rent because nowadays, the interest rates are much higher than normal; it’s messing up their DTI making them to not qualify for a home mortgage so is it a Buyer’s Market? NO!

Sellers are listing their properties but if no Buyers are available to purchase them, does this make it a Seller’s Market? NO!

At this point, it is a Landlord’s Market so now is the time to purchase more than ever as more renters are in need of rental housing.

Properties Allowed:

Rentals

1 – 100+ units

Mix Use

2 – 100+ units

Commercial

Properties

GUIDELINES ON 1ST LIEN:

View the guidelines based on the CLTV Split below:

For 80/10/10 Split

(10% Down Payment)

* MIN FICO: 620 & up

* Loan amount: $100K to $500K

* Rate: 9% to 15%

* Term: 30yrs – 1st 10yrs I/O

* PhoneOps order Appraisal

For 75/15/10 Split

(10% Down Payment)

* MIN FICO: 650 & up

* Loan amount: $100K to $7M

* Rate: 9% to 14%

* Term: 30yrs – PITI plus PPP

* PhoneOps order Appraisal

For 70/15/15 Split

(15% Down Payment)

* MIN FICO: 600 & up

* Loan amount: $500K to $7M+

* Rate: 8% to 12%+

* Term: 25yr – 30yr

* PhoneOps order Appraisal

For 50/50 Split

(No Down Payment)

* MIN FICO: 500 & up

* Loan amount: $1M to $50M+

* Rate: 12% to 18%

* Term: 1yr – Interst Only

* No outside Appraisals

Download the full Guidelines to better understand if your project is a good fit:

MINIMUM REQUIREMENTS:

* A Social Security card

* Application Fee $295 WAIVED

* Must have a Checking Account

* A valid Driver’s License or State ID

* A Tri-Merge Credit Report fee of $57

* Must be able to show proof of closing cost

CLTV means Combined Loan to Value. Using PhoneOps CLTV Wholesale program, PhoneOps will do a 1^st lien at 75% LTV, the Seller can do a 15% 2^nd lien and the borrower put only 10% down.