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Eric Lovett Non-QM Quiz

  • 1
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  • 2
    • Purchase
    • Rehab
    • Purchase & Rehab
    • Construction
    • Refinance (Rate & Term)
    • Refinance (Cash-out)
    • Other / Not Sure
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  • 3
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  • 5
    Most purchase and/or construction loans require a minimum of 10% down but usually 20-30%
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  • 6
    Minimum loan size is $100,000
    • Over $10M
    • $1M-$10M
    • $800,000-$1,000,000
    • $600,000-$799,000
    • $400,000-$600,000
    • $250,000-$400,000
    • $100,000-$249,000
    • Less than $99,000
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  • 7
    Minimum loan size is $75,000
    • Over $10M
    • $1M-$10M
    • $800,000-$1,000,000
    • $600,000-$799,000
    • $400,000-$600,000
    • $250,000-$400,000
    • $75,000-$249,000
    • Less than $75,000
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  • 8
    • Residential 1-4 Unit
    • Residential 5-8 Units
    • Residential 9+ Units
    • Commercial / Mixed Use
    • Land Only
    • New Build (Ground Up)
    • Mid-Construction
    • Mobile Home / Manufactured Unit(s)
    • Mobile Home Park
    • No Property Yet
    • Other / Not Sure
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  • 9
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  • 10
    ** Commercial / business occupied = NO
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  • 12
    • 30 Year Fixed
    • 30 Year Adjustable
    • 36 Months or Less
    • Unsure
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  • 13
    • Sell Property
    • Hold / Rent
    • BRRRR
    • Pay With Cash
    • Refinance
    • Not Sure / Doesn't Apply
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  • 14
    Minimum FICO is 640
    • 740+
    • 700-739
    • 680-699
    • 660-679
    • 640-659
    • 639 or less
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  • 15
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  • 16
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  • 17
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  • 19
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