97% LTV Purchase Loan for Green Card Holder

On behalf of our client, a permanent resident (green card holder) from the Dominican Republic, we obtained a purchase loan for a single-family residence in Hollywood, Florida. Her credit scores were less than 700, but we got her approved for 97% loan-to-value, 30-year fixed with an interest rate in the low 5’s. While she qualified for an interest rate in the mid 4’s, she chose to take lender credits to help with closing costs and reserve requirements.

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