Financing Capabilities.... Owner User
American General Funding offers Owner User's several funding options. American General Funding can approve an Owner User loan request within 5 business days and close the loan within 30 days of receipt of a complete application package.
Following are the various Owner User Loan Packages available from American General Funding.
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Owner User:
Full Documentation
- Loans up to $5 million
- Up to 90% financing
- 30-year fully amortizing loans
- Low owner-user occupancy requirement
- Flexible prepayment structures
- Rate locks up to 120 days
- 600 minimum average FICO score
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Stated Income
- Minimum 700 FICO for 90%
- Loans up to $2 million
- Can be combined with SBA 504 loans
- 30-year full amortizing loans
- Minimum 25% owner-occupancy required
- No tax returns or financial statements
- No business guaranty required
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Owner User:
SBA 7A
- Up to 90% financing
- Purchase money loans up to $2 million
- Start-up and new businesses
- Sub 600 FICO scores
- Shortest prepayment penalty period
- No liens on personal property
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Investor:
Full & Low Documentation
- Loans up to $3 million
- Up to 80% purchase financing
- Cash-out refinances up to 65%
- 30-year fully amortizing loans
- Rate locks up to 120 days
- No tax returns on low doc loans
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