 |
Assisted
Living Financing
Quite often, seniors need
financing for Adult Assisted Living and Independent Living
facilities. These care centers are serving a huge segment of our population, the Baby Boomers,
as they achieve the
retirement age.
Some programs allow loans to be granted even with low credit scores,
so make the application, regardless of your score, and see which loan
might fit best.
| Stated
Income/Stated Asset Program: |
Loans to
65% of value of the facility
(Allowing a second mortgage of 25%, making the total amount
90%!) |
| Stated Income Program: |
Loans to 70% of value of the facility
(Allowing a second mortgage of 20%, making the total amount
90%!) |
| Fully documented
Programs: |
Loans up to 85% of
value of the facility (No second mortgages allowed.) |
|
|
