San Diego, CA (PressExposure) October 01, 2009 -- Capital Line Funding Group has just announced a Stated Income Verified Asset Loan program for 3 or 5 year loans. This SIVA program is only available for a limited time and specific counties in California: Los Angeles County, Orange County, San Diego County, Santa Barbara County and Ventura County.
This very special Stated Income Verified [http://www.capitallinefundinggroup.com/Stated_Income_Verified_Asset_Loan_SIVA.html] Asset loan program features:
â¢ Loan Amounts $500,000-$3,000,000 â¢ 3 year and 5 year fixed loans Rates starting in the low 6% range â¢ Assets have to be in line with the income that is being stated â¢ Max Loan to Value of 60% up to $1,500,000 loan amount, Loan to Value decreases with higher loan amounts â¢ Loans can be done on owner and non owner properties
Call us at (858) 452-2845 or visit our website Capital Line Funding Group
A Stated Income Verified Asset Loan is a type of reduced documentation mortgage program which allows the borrower to state on the loan application what their income is without having to verify that income. However, borrowers still have to verify their assets. Borrowers with high credit scores and strong assets use the SIVA loan to their advantage.
How Does a Stated Income Verified Asset (SIVA Loan) Benefit You?
The Stated Income Verified Asset loan program offers a variety of benefits including: â¢ These loans are excellent for Self-Employed borrowers or other borrowers who might have difficulty documenting their income. â¢ Stated Income Loans are available to finance the purchase of a new home or the refinance of an existing home. â¢ Borrowers with high credit scores and strong assets use SIVA loans to their advantage.