Business Owners

 We are pleased to offer a small businss line of products. 

 

Merchant Services

 

Credit card options as low as 1.69%.

Point of sale terminals.

Check writing terminals

 

 

 

 

 

                                        COMMERCIAL MORTGAGE PROGRAMS

 

 

 PROGRAM

 

 

 STATED INCOME  

 

 

STATED INCOME /LITE DOC

 

 

 BORROWER

 

 

 INVESTOR OR OWNER OCC

 

 

 INVESTOR OR OWNER OCC

 

 

 MAXIMUM MORTGAGE

 

 

 $750,000

 

 

 $2,000,000

 

 

 MAX LTV

 

 

 75% Purchase or Refi

 

 

80% Purchase 75% Refinance

 

 

MINIMUM MID FICO

 

 

 680

 

 

600 (Transunion) Apts./ Mixed Use

 

 

625  (Transunion) Commercial

 

 

PROPERTY TYPES

 

 

 Auto Repair, Auto Body, Retail

 

 

Commercial Condo, Retail 

 

 

 

 

 

 Mixed Use, Warehouse, Multifamily,Bed& Breakfast,Mobile Home Park

 

 

 Mixed Use, Warehouse , Multifamily, Funeral Home

 

 

Restaurant ($500,000 Max 70%)

 

 

NO LAND/ FARMS/CHURCH 

 

 

NO CONSTRUCTION     

 

 

NO GAS STATIONS

 

 

DEBT SERVICE/DTI

 

 

No (Appraisal based on sales comps only) 

 

 

Yes 

 

 

SUBMISSION 

 

 

1003  (unsigned) & Recent Tri Merged Credit 

 

 

Call for complete requirements.

 

 

 

 

Small Business Loans

Call for an individual scenario

Credit Cards 

Personalized with your business logo.

Great rates.

Call today for 30 free marketing ideas that will grow your business.

 

 

 

 

 

   20 Glendale Circle       Scarborough ME 04074    voice 207-883-4400    fax 866-449-3403      

Maine License # CSO7939 New Hamphsire License # 13578-MBR Copyright © 2005 First Choice Home Loans    Mortgage Web by Loans Interactive
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