Buy Detroit Properties.com

We have put together a program to help investors purchase properties with little or no money down.

HOW IT WORKS:

We will close the property and transfer property into your name. We will place a lien/note for the sales price against the property to secure our interest. During the time you have the note; a monthly payment will be made to us.

You will then immediately apply for a rate and term refinance to get permanent financing. This needs too be done within 60 days from the time you take title.  Extensions will be granted for those who need them.

During the refinance process you will still be able to collect the rent on the property. We have a property management team in place.

HOW TO QUALIFY:

Qualifying for this program has the same requirements as if applying for a mortgage. You will need:

• 620+ credit

• No BK for 4 years

• 2 Years Tax Returns and W-2’s – no stated income – self employed OK

• Last 2 months bank statements

• Last 2 paystubs

WHO DOES REFINANCE:

You can use any mortgage company to refinance. We just ask for the name, number and e-mail of your loan officer. We also ask for them to provide a copy of your credit and DU findings showing you can be approved for a refinance.

We do have lenders that we have worked with successfully if you need someone o assist.

REFFERALS

We do like to make sure those who have buyers are taken care of. If you have a qualified buyer, please contact us and we can make arrangements for you to get paid for your assistance.