We were able to qualify this borrower using 12-month bank statements for a $3 million cash-out refinance loan on their primary residence. The issues faced were that there was an undisclosed contract for the deed and the borrower was already on the title. There was also an outstanding debt of $586,000. CSC allowed a 3rd appraisal to close the loan after the first two were done by the same AMC.

Citadel Servicing Corporation provided funds for this cash-out refinance in New Hope, PA of this single-family residence. CSC was able to provide the borrower with a 65% LTV loan at 7.125% on a 5/1 ARM after the borrower was declined my previous lender. CSC was able to use first appraisal that was submitted with file along with business bank statements and provide this Jumbo loan without extra fees or pricing.

Citadel Servicing Corporation was able to fund on this property in Milton, GA. Borrower used multiple bank statements from several businesses to qualify. The borrower was previously denied a loan be two lenders. Even though the Primary residence was not in the state where the company was based, the borrower proved they worked from home. CSC was able to close on a 5/1 ARM with a rate of 6.750% on 75% LTV.