---

We completed a purchase loan using 12 months of bank statements for a buyer who did not qualify using two years of tax returns. In collaboration with the buyer’s agent, we negotiated a seller credit to fund a 2-1 temporary rate buydown. This allowed the buyer to start with a 4.75% interest rate in year one, 5.75% in year two, and 6.75% from years three through thirty, unless they choose to refinance earlier. As a result, the buyer saved approximately $2,000 per month in mortgage payments during the first two years, creating meaningful short-term cash flow relief while maintaining long-term flexibility.

Property Details

Price: $2,620,000

Address: 1153 Camino Dos Rios

City: Thousand Oaks

State: CA

Zip Code: 91360

Beds: 3

Baths: 2