The Liquidity Requirement
With this latest 100% Loan program, borrower simply must show reasonable liquidity of 1 - 2% of requested amount. The borrower must be able to show liquidity during the initial loan review period and again near closing (which can occur in about 45 days after formal application is submitted).
Note: this liquidity amount is not for a down payment. This is simply the amount that investors need to see as part of assessing loan worthiness and the borrower's ability to cover closing costs.
Contact us at 1-877-FUNDER-1, that's 1-877-386-3371, to find out more.