|
7210
N. Hearthstone Green Drive
Houston, Texas 77095-3568
800.713.9894
281.463.7295
Fax: 281.550.9391
|
Guidelines
To Financing
|
.
|
FIRST
MORTGAGE BOND FINANCING
|
CONVENTIONAL
FINANCING
|
|
LOAN
TO
VALUE PERCENTAGE
|
Loan
May
NOT EXCEED 75%
Of The Appraised Collateral Value Of Real
Estate Assets
|
Loan
May
NOT EXCEED 70%
Of The Appraised Collateral Value Of Real
Estate Assets
|
|
LOAN
TO
INCOME RATIO
|
Loan
May
NOT EXCEED 4.0 TIMES
The Gross Annual Income Of The Church
|
Loan
May
NOT EXCEED 3.0 TIMES
The Gross Annual Income Of The Church
|
|
DEBT
SERVICE
RATIO
|
Annual
Adjusted Net Income
MUST EQUAL OR EXCEED
Projected Annual Loan Payment
|
Annual
Adjusted Net Income
MUST EXCEED Projected
Annual Loan Payment
BY AT LEAST 10%
|
Next
>>
About
Us | Press Center | Financial
Analysis | Frequently
Asked Questions
Privacy Policy Statement | Internet Security Statement |
Contact
Information | Site Map
|
|
