Home page seller financing private mortgages owner financing
 Sell Mortgage, Real Estate Investment, Seller Financing,
Private Mortgage Investment, Discounted Mortgage,
Hard Money Mortgage, Sub Prime Mortgage, Credit Report

Place/View Listings: Sell Mortgage • Mortgage Wanted • Get Mortgage • Note Brokers • Mortgage Brokers • Lenders       Bookstore

 Site Index

Commercial real estate / Multi family real estate / Vacant land

Lending guidelines for commercial real estate sellers.

Credit rating Loan to Value Interest rate 
A+. 
No 30 day late last 12 mths
 FICO=680+
85-94 10.50
75-84 10.00
A
1 30 day late last 12 mths.
FICO=660-680
85-94 10.60
75-84 10.10
A-
2 30 day late last 12 mths.
FICO= 640-660
85-94 10.75
75-84 10.25
B+
3 30 day late last 12 mths.
FICO=620=640
85-89 10.90
75-84 10.40
B
4 30 day late last 12 mths.
FICO= 600-620
85-89 11.05
75-84 10.55
C
60 day lates last 12 mths.
FICO=520-600
85-89 11.20
75-84 10.70

Sometimes there are repairs needed to the property  and the buyer will suggest that they will pay for these needed repairs from the down payment they are giving you. This might be agreeable but you should escrow these monies with the closing agent, only to be released to the contractor after proof the repairs have been done.

Remember, the above are guides only. Never let anyone tell you how to invest your money. As a practical matter, if someone has put up 10% of their own money to buy your property it is very unlikely the loan will default. There are exceptions. In Texas some years ago, homes fell in value by 40% and thousands of home owners gave their homes to the bank or were foreclosed.

Advertise your seller financed real estate free on our website.

Home | Introduction | Improving saleability | Creating a safe mortgage | Market your home | Advertising your home | A prospect phones | Hold an Open House | Real estate contract | Creating a saleable mortgage note | Create saleable business note | Buyers credit | Committment to pay | Which is the better deal? | Mortgage credit ratings | Owner occupied | Non owner occupied | Commercial | Calculate the payment | Second mortgages | Borrowers with bad credit | Documents to use | Create your documents | Minimum documents needed | Steps before closing | Seller financing imputed interest | Unusual mortgage clauses when selling a home | Wrap around mortgages | Escrow real estate taxes hazard insurance | Real estate installment sales | Mortgage unusual clauses you should have | IRS publication 523 2003 selling your home

Back Next

Complete list of Mortgage and Real Estate courses Send page to friend Site Index
Mortgage and Real Estate Calculators Real estate and mortgage Resources Real Estate and Mortgage terms FREE Downloads
Current and historic interest rates Real Estate and Mortgage Forms FREE content for your web site Bookstore
Financial and Business News About Us & Privacy Policy Contact us
Bookmark this site. Internet Explorer users Click here  NetScape press CTRL-D. AOL users click the Heart. Mortgage-investments.com is our US Federally registered service mark no. 2,647,595

 

Free info on mortgage investments, private mortgages, hard money mortgages, discounted mortgages, seller financing.

 

 

 

 

Mortgages, owner financing, deeds of trusts, discounted mortgages, seller financed mortgage, hard money mortgage

Web sites design hosted for note brokers   note and cashflow buyers web site design hosting  Web site design hosting for mortgage brokers, mortgage broker web site design