Sharia Compliant FHA : Ijara : Ijarah

By: Ijaraloans  09-12-2011
Keywords: Real Estate

Islamic Finance Products

Full Documentaion Conversion
  • Verification of Employment
  • Verification of Income
  • Verification of Assets
  • Best Rates
  • Keep Current Rates & Terms
  • Sharia Compliant
  • Low Closing Costs 

Residential Programs

1 – 4 Units 
Owner Occupied - up to 30 year with 3.5% down payment
Investment  - up to 30 years with 20 – 25% down payment
Minimum - $100,000 - $4 Million
Construction Possible - minimum project cost $700,000 with 30% equity required

Bankruptcy ok if at least 12 months since discharge, Foreclosure ok if 24 months since final sale, if foreclosure, deed in lieu of foreclosure with Bankruptcy then 36 months since discharge is required.

Commercial Programs

Residential-  5+ Units
20 – 30% down payment
Minimum $300,000 - $40 Million
100 + Units as little as 10% down

Retail / Office / Industrial
Owner Occupied
Up to 26 years with 5% down payment, Max 7 year w/o Real Estate
Up to 12 months no payments during construction
Must Occupy at least 20% of space
$300K - $2.5 Million
Some Uses (ie Gas Stations – always minimum 15% down payment)

Investment 
Up to 20 years with 20 – 30 % down payment
Up to 12 months no payments during construction
$300,000 - $40 Million

The information in this article was current at 06 Dec 2011

Keywords: Real Estate

Contact Ijaraloans

Email - none provided

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