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Citadel drops rates across the board

  • Tuesday, 04 February 2020 10:48
Citadel drops rates across the board Citadel Servicing Corporation has dropped rates by 50 basis points across all product lines and programs, the company has announced. The company has also made extreme changes to its One Month Bank Statement (OMBS) program, which allows borrowers to qualify for loan amounts of up to $7.5…

ODF® Plus

Outside Dodd-Frank® Plus Program (ODF+) Features: 5 to 100-unit properties: Investment Business purpose Loans to business entities and trusts Mixed-use Up to 75% LTV Retail & Office, Multi-family, Hospitality, Storage Facilities, Strip Malls, Schools or Daycare Centers, Healthcare, Hotels and Motels Max 65% Purch & 60% Refi Interest Only payment available Loan amounts…

VOE Only Program

VOE Program Program is available down to a 600 credit score Max LTV of 75% for purchase Max LTV of 70% for refinance (cash out or R/T) Up to $7,500,000 loan amounts 2-year employment mandated at business Written VOE fully completed for 2-year employment; plus year-to-date by owner or officer of company Verified…

12-Month Bank Statement Program

12-Month Bank Statement Program Citadel Servicing offers a 12-Month Bank Statement Loan Program. Borrower Employment Types: Self-employed 1099 Must provide business license, Tax Preparer’s letter or corporate paperwork. Citadel Servicing will accept Personal or Business Bank Statements. However, qualifying income will be calculated differently. Click here for calculation form. Personal Bank Statements: 100%…