AX will consider any 1st position mortgage loans (residential or commercial) with at least 5% hard equity in the collateral and a borrower credit score as low as 555 credit score on residential loans and a 600 credit score on commercial loans. As a leading real estate note buyer, we purchase residential and commercial mortgage notes in all 50 states.
If the equity is below 5%, we will still explore the asset’s characteristics and make our decision on a case by case basis as well. We do have a minimum property-value amount of $50,000 on residential and commercial assets for sale. There is no minimum or maximum loan amount requirement whatsoever. We will also consider sub-performing, re-performing and non-performing residential mortgage notes and commercial mortgage notes on a case-by-case basis only – no guarantees of acceptance. To learn more about creating a valuable mortgage loan to resell, click here.
Types of Mortgage Notes We Accept
- Residential Mortgage Notes
- Commercial Mortgage Notes
- Mobile Home Notes (with land)
- Bare Land Notes
- Deeds of Trust
- Mortgage Contracts
- Land Contracts
- Contracts for Deeds
- Real Estate Contracts
- Purchase Money Notes
- Residential and Commercial Mortgage Portfolios
- Performing and Nonperforming 2nd’s and Junior Liens
- Properties/REO’s (Extremely Select)