It’s designed specifically for the purchase or refinance of non-owner occupied investment properties that cannot meet Fannie or Freddie guidelines.
Highlights…
* 30 yr fixed rate.
* Unlimited cash out on cash out refi.
* Minimum 620 credit score.
* Max LTV 75%.
* No limit on number of properties financed.
* Debt to Income Ratio is based soley on cash flow of subject property!
* One year tax returns to validate rental income for subject property – No other borrower income is verified!
Loan amount limits…
1 Unit up to $650,000
2 Units up to $750,000
3 Units up to $850,000
4 Units up to $1,000,000
Please let me know if you have any other questions about this loan product.
That’s it for today.
Thanks for reading!
Brett
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