Real Estate Investors
This loan product is a portfolio product that is ideal for a primary residence up to $2M loan amount on residential properties. This product has no limit to the number of other financed properties.
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| Credit score: | 720 |
| Property type: | 1-4 Units, PUDS, Condos |
| Occupancy: | Investment Property Only |
| Down Payment: | 35% |
| Loan to Value: | 65% CLTV: 65% |
| Gift Funds | Not allowed. |
| Closing cost: | Seller and/or lender can pay up to 3% |
| Debt Ratio: | Not Calculated |
| Max Loan Amount: | 1,000,000 |
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Additional Notes:
- Borrowers must have a minimum of 3 years history owning, retaining, and managing investment properties
- Qualifying income is based upon cash flow from property
- Taxes verification is not required
- 12 months Reserves are necessary
- Additional 6 months reserves are required for each financed property
- 2 Open lines of credit are necessary
- Bankruptcy 4 yrs, Shortsale 7 yrs, Foreclosure 7 yrs
- Minimum Loan Amount $100,000
- Impounds are required
This page contains program highlights only. See sidebar links for further information and details.
All program are subject to change at anytime without any further notice