Centex Funding

The Small Business Lending brokerage with the most Unique loan products

General info
1a. Non Owner Occupied loans for SFR’s, Condos, Townhomes, 2-4 Units
a. True No Doc loan. EZ Qual. Leave the Employment and Income blank on 1003
b. No Tax Return. No 4506.
c. Properties in Calif. plus AL, CO, CT, FL, GA, HI, ID, IL, KY, LA, MA, MD ,ME, MS,
NC, NH, NJ, NM, NY, OK, SC, TN, TX, VA, WA, WI, WV, WY
d. 30 year term, fixed for 3, 5, 7 or 30 years.
e. Must own the property you live to qualify for above
f. < 70% LTV must be located in populous area (no rural)
g. > 70% LTV must be located in metropolitan areas
h. Term of prepay protection – 3 Years (can be brought down with rate bump)
i. Loan amounts $100K to $5M
j. Proof of Property income is Copy of Lease
k. Loaning to: Individuals | Corporations | LLC | LLP | Family Trusts
l. We can normally quote 2 points to the borrower
1b. Non Owner Occupied loans for SFR’s, Condos, Townhomes, 2-4 Units, 5+ units,
Mixed use, Retail and Office
a. Same as above
b. Same as above
c. Properties in CA, CO, KS, MT, NE, NM, OK, TX, WA, WY only
d. Loan terms – 1, 2, 3 or 5 year term, interest only
e. Do not have to own property you live. It is okay to rent.
f. No prepay on 1 and 2 year loan. 1 yr prepay on 3 yr loan. 5 yr prepay on 5 yr.
g. Prepay in f. above can be bought down with slight bump to rate
h. Loan amounts $100k to $15M
i. Loaning to: Individuals | Corporations | LLC | LLP | Family Trusts | Ira’s
j. Many factors determine the quote on points – always call with scenario