100% CLTV Program

100% 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.


100% CLTV Program:

CLTV means Combined Loan To Value. Using this program, the Lender lends up to 70% of the property’s sales price and the Seller will do a Seller 2nd for the remaining totaling 100% CLTV. The Seller has the option to not do a Seller 2nd for the full remaining; the Seller can split it with the Buyer. If you get a Seller to agree to do a full Seller 2nd, the loan will be 100% financing for you, just pay your closing cost. 



Buyer found a Commercial Property for $600,000 and Seller agrees to do a Seller 2nd. The Lender agrees on an LTV of 70% ($420,000), the Seller agrees on a Seller 2nd for 20% LTV ($120,000) now the Buyer will have to come to the table with the remaining 10% plus closing cost totaling 100% CLTV. If the Seller agrees on a 25% Seller 2nd, the Buyer will have to come to the table with 5% plus closing cost. If the Seller agrees to the full 30%, the Buyer will put $0 down, just pay closing cost.




Standard Commercial Down Payment:

The standard down payment for a commercial loan ranges from 25% to 35% depending on credit, the property and if it’s already income producing. The benefits of PhoneOps 100% CLTV Program is to help Buyers with their down payment so they can purchase more investment properties and to help Sellers sell their properties a lot quicker. Bringing Buyers & Sellers together to get more transactions closed is a great partnership.


What market are we in?

This is an easy question. 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 this means all New & Potential Real Estate Investors; it’s time to purchase Apartment Buildings and mix-use properties as more renters are in need of rental housing.



Properties Allowed:


Commercial Properties

Mix-Used Properties

Landlord Rental Properties

Apartment Buildings

Multi-Family Package Deals

Any other types of income-producing properties

Properties Not Allowed:

Raw Land

Owner Occupied Properties

Properties that need extreme repair


* MIN FICO: 350 & up

* Loan amount: $100K to $15M

* Term: 3mo to 3yr – Interest Only

* Rate: 9% to 17% – Depends on credit

* An Appraisal will be needed in most cases. U/W will determine if Appraisal or BPO will be needed.

* Close within 5 days 

Questions & Answers:


Q: How much would my Closing Cost be?

A: It can range anywhere from $15,000 to $400,000+. It depends on the Loan Amount, sale’s price, tranfer taxes, city taxes, state taxes, county taxes, school taxes, your credit and credit history. The Title Company will be the one to provide an accurate total.


Q: I found a property that I want to purchase but I don’t make enough money monthly to cover the mortgage payments. Can I still qualify?

A: If the property is already generating monthly income, we’ll go by that income in order to determine if you qualify.


Q: What if a property isn’t generating enough income to cover my monthly payments? Do I ask the Seller to raise the rents prior to closing?

A: You can ask the Seller but it’s not a deal breaker if the Seller doesn’t agree to do so.
After settlement, PhoneOps encourage everyone to do the following within the 1st 3 months: 1. Raise 2. Evict those that can’t pay 3. Transition those to subsidy 4. And fill all vacancies with short-term rentals (Airbnb). You may have to come out of pocket to cover your new mortgage for the 1st 1-3 months so doing these steps as quickly as possible will benefit in the long run.

Q: Are there any up-front fees?

A: You will have to pay $45 for PhoneOps to pull your Tri-Merge credit report. Once you get to the part to order the BPO or Appraisal, you will have to pay that fee at that time directly to that company, that’s it! All other fees will be apart of your closing cost and paid at settlement. 


Q: Can I get a lower rate?

A: This is not a permanent loan. This program is designed to help current & new Real Estate Investors to purchase more commercial properties with less or nothing down while paying their closing cost. Once you own the property and build some equity, you will be ready to come back to PhoneOps to refinance into a better Rate & Term paying off the current Lender and Seller.


Q: I have a Seller that is willing to do a Seller 2nd but my mid score is 435. Is there anyway I can still qualify and what would the Seller 2nd be?

A: Yes, you can still qualify. However, the Seller 2nd percentage will increase from 30% to 40% – 60%, that is why it’s so important for PhoneOps to pull your credit to determine. It would be up to the Seller to accept the higher LTV for the 2nd.

Q: I found a property that is not on the property list and the Seller agrees to a Seller 2nd, can I still use the 100% CLTV program?

A: Yes! We encourage anyone to find a property on their own if the opportunity presents itself. However, it is best to apply first so you’ll know what you are pre-approved for. You don’t wan to look for a $10M dollar property and you only get pre-approved for $2M.


Q: Is this program good for people with great credit scores?

A: Yes! This program is great for anyone that don’t want to put any money down or very little, just pay closing cost and need to close super fast.


Q: What states is this program allowed in? 

A: This is a nationwide program through PhoneOps 100% CLTV program, all 50 states are allowed. 

Q: Can this Program work for a Foreclosure Bailout?

A: Yes! If the person that is in Foreclosure has enough equity in the property, this would be a great program for you and the person that is in foreclosure. 


Q: If I have bad credit, how will this loan affect me in the long run?

A: As a reminder, this program is for income producing properties; Commercial and Residential. If the property is vacant when you purchased it, you can rent it out quickly. Once you are making money, give yourself some time while building equity to fix your credit then come back to PhoneOps to refinance for a better rate & term. This program does not have a Pre-Payment Penalty so you can refinance when the time is right for you.


Q: What would my monthly mortgage payment be close to if I found a property for $10M and the Seller agrees to do a 30% Seller 2nd?

A: It depends on your credit as the Interest Rate is based on your credit but for a general idea, CLICK HERE and put in the loan amount and interest rate to determine.



Regardless if you have great credit or terrible credit, PhoneOps 100% CLTV Program would be the best program for you if you 1. Don’t want or have the down payment, 2. Don’t want to miss a good deal, 3. Want to close super fast & 4. Utilize this program to start making money or to make more money.


Minimum Requirements:

* A Social Security card

* Application Fee $395 WAIVED

* Must have a Checking Account

* A valid Driver’s License or State ID

* A Tri-Merge Credit Report fee of $45

* Must be able to show proof of closing cost

100% CLTV Loan Application

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