1.2 DSCR RENTAL LOAN PROGRAM!

Fico: 680 +
Loan Terms: Amortized for 30 years. 5, 7, 10 & 30-year fixed options.
Loan Size: $55,000- $1 Million.
Min. Property Value: $85,750
Max LTV: 65
Property Occupancy: 100%
Interest Rate: 7%+
Property Types: Multifamily (5-20 units), Mixed-use (must be 67% residential) & 1-4 unit investment properties. Property must be a C4 condition or better. Property cannot have more than $5,000 of deferred maintenance.
Use of Funds: Purchase, Refinance, Cash-Out Refinance
Seasoning Requirement: 6 months on a refinance.
Asset verification: 2 months of bank statements.
Reserves: 9 months of PITIA payments the borrower must have on hand prior to closing.
Territory: Nationwide except ND, Vermont, Utah, NV, Idaho.
Lender Fee: 2 - 2.5 points & $1195 processing fee. Appraisal is upfront
Special: Lender allows the borrower to close in their company name or personal name. Lender is not doing blanket loans.
Closing Time Frame: 30-45 days

Join our Deal Talk call Weds 1-2PM EST https://www.startmeeting.com/wall/loancalls