SIVA Simple

Our most famous product, this program has been compared to private money sources while having rates similar to a conventional product. You won’t find a more simplistic program in the nation.

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Program Details

SIVA Simple is designed for Borrowers with a good amount of equity and that is the greatest deciding factor in underwriting this product. There isn’t a minimum Fico score requirement nor employment verification of any kind. Assets are not verified and AVM’s are possible for smaller loan amounts, giving the potential of not requiring an appraisal. Not only is this the only SIVA Simple product with rates starting in the 6’s in the Nation, it’s also an easier process than most Hard Money transactions.

All Transaction Types

60% LTV Purchase & Refi R/T
50% LTV Refi C/O to Unlimited**
- O/O + N/O/O
- 1 day ownership seasoning OK
- SFR 1-4, Condo’s, PUD’s (Warrantable Only ((Freddie-Mac Guidelines))
- County Select (Click for current Counties List)
- Income is not verified by any means
- No Minimum Fico Required
- Foreign National Borrower’s OK – Passport Only
- Minimum 1 Year out of Bk, FC, SS
- 1×60 Allowed in Past 12 Months
- Collections over $5K + All Tax Liens + Charge-Offs must be paid at closing
- No Max Properties Owned/Financed

Reserves :

- - 6 months on NOO if DCR is 1 or over
  - 12 months reserves if all 3 scores are over 700
  - 18 months (12 liquid and 6 non) if all 3 are not over 700
  - 24 months on NOO (12 liquid and 12 in other properties)

CA GA MA NY NV WA

** Unlimited Loan Amounts are taken on a case-by-case basis and decision will be based on compensating factors of Borrower’s strengths such as High Reserves, Excellent Credit, etc.

Rates

Purchase and Refinance

5/1 – 7.00% (APR 7.236%)
10/1 - 7.625% (APR 7.727%)
30 yr fixed – 7.875% (APR 7.926%)

Rates can be bought down up to 50bps for 1.125 cost

HELOC

NOT AVAILABLE FOR FOREIGN NATIONAL OR PURCHASES
Owner:
*1st Prime + Margin 0.75%
*2nd Prime + Margin 1.50%

Non-Owner:
*1st Prime + Margin 1.00%
*2nd Prime + Margin 1.75%

Draw period – 10 Years.

On the 121st month, the loan will convert to a 20 Year ARM for the Due and Payable period with a Note Rate equivalent to that of the 121st month.

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How everything works

Apply in minutes

Get personal loan options customized based on what you tell us.

Choose a loan program

Select the rate, term, and payment options you like best.

Get funded

Your loan could be sent straight to  your bank account.

Frequently Asked Questions

What is TLA Bancorp?

TLA Bancorp is an experienced and seasoned licensed lender, offering loans to brokers, realtors, and consumers alike. Just tell us about yourself, your home, and your finances, and we’ll give you real rates and numbers. We’ll get you approved and be open to any and all questions you may have that will help you choose the mortgage that’s right for you.

What is TLA Bancorp?

TLA Bancorp is a seasoned licensed lender offering products to industry professionals and consumers alike. Just tell us a little about yourself, your home, and your finances and we’ll be able to give you real rates, costs (if any), and turn times immediately while ensuring we address all your questions and concerns throughout the process.

Why Should I use TLA Bancorp?

We provide award-winning customer service and expert advice when you need it 24 hours a day, 7 days a week. Our team is ready to assist you at any time.

Is TLA Bancorp Safe to use?

Yes. Protecting your personal information is our top priority.

Where is TLA Bancorp Located?

TLA Bancorp is located at 29209 Canwood Street Ste 210, Agoura Hills, CA 91301.

What Credit Score Do I Need to Apply?

Certain programs will require certain credit criteria and requirements. However, some do not require any credit requirements of any kind at all. Please call one of our professional team members for more information.