Mortgage lead for Residential loan in Hemphill, TX, 75948

Loan Request for Residential loan in Hemphill, TX, 75948

Request #3710613 by Lender

Date Posted

1/5/2025 8:45:53 AM

Property at

Hemphill, TX, 75948, USA Show Map

Borrower at

Property Type

Residential

Property Value

$1,100,000

Purchase Price

$525,000

Loan Request

$520,000

LTV

47.27 %

Credit Rating

780 or more

Net Worth

$500,000 - $1,000,000

Loan Purpose

Property Purchase

Purpose

I need Bridge Loan to sell the following property
$630,000 (value) 3522 Little Country Rd Parrish Fl 34210 (clear title)

I have a contract to purchase the following property by February 28

386 Paradise Dr Hemphill Tx 75948
$525,000 Purchase price $10,000 in Ernest $

Retired
SS $2,400 month
Cash $100,000
Ira $270,000

Need Bridge Loan until Parrish House closes.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> The LTV is based on using both properties as collateral. if only the Free and Clear property is about 83%. Or maybe 2 separate loans with low LTV.

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Loan Request for Residential loan in Hemphill, TX, 75948