brett1 I wanted to point out a unique loan that we have that may benefit you or someone you know…

Believe it or not many people buy homes with cash. …No loans.

However, sometimes after doing so they realize the need that cash for something else.

One way to pull the cash out is a Texas Home Equity loan (obviously for Texas homes). But, then you are paying a higher cash out rate.

Here is another way to get that cash on a purchase money interest rate…

If it’s within 6 months of your cash purchase you can use our Delayed Financing program. This program will allow for delayed financing, helping these cash buyers access the equity in homes within six months of the purchase.

In most cases, the appraised value of the home can be used provided that the loan amount does not exceed the actual documented amount of the borrower’s initial investment, plus closing costs, prepaid fees and points.

Here is a list of the max loan to value ratios for this property…

4 or Less Financed Properties	5 to 10 Financed Properties
Owner Occupied – Up to LTV 85% (no limit # of properties)	Owner Occupied – Up to LTV 80% (no limit # of properties)
2nd Home – Up to LTV 75%	2nd Home – Up to LTV 70%
Investment (1 Unit) – Up to LTV 75%	Investment (1 Unit) – Up to LTV 70%
Investment (2-4 Unit) – Up to LTV 70%	Investment (2-4 Unit) – Up to LTV 65%