FAST CLOSINGS AND COMPETITIVE PRICING FOR 1-4 SFR INVESTOR DEALS
For non owner occupied real estate investments
Rental Loan Programs
30 year fixed rate loans
3.5.7 year ARMS
LENDING CRITERIA
LOAN SIZE
- $100,000 to $3,000,000
LOAN TERMS
- 30 year fixed
- 5, 7, 10-year hybrid
- 30 Year amoritization
PROPERTY TYPES
- 1-4 unit attached/detached properties
- PUDs
- Condominiums (Warrantable/non warrantable)
- Airbnb
LOAN PURPOSE
- Purchase
- Rate/term refinance
- Cash-out refinance
BORROWER
- Business entity
- Credit Score: Minimum 640
- New Foreign Nationals Okay
- Individual Ownership Allowed
MAX LTV
- Up to 80% for Purchase and Rate & Term Refinances
- Up to 75% for Cash Out Refinances
INTEREST RATES
- Starting at 7%+
CASH-FLOW REQUIREMENTS
- Qualifying income based on property cash flows
- No Doc Loan: No W2, tax returns or 4506T required
- Closing in less then 30 days
LOCATIONS
Generally urban or suburban locations in primary, secondary, or tertiary markets.
PREPAYMENT PENALTIES ARE:
- 3% 1st year
- 2% 2nd year
- 1% 3rd year
- One Year Prepayment Option Available
- New We now offer a no prepayment penalty option!
Airbnb:
- Up to 75% LTV on Purchases
- Up to 70% LTV on Refinances and Rate and Term
- Need operating income for at least 1 year
- 100k minimum population by county