Pre-Qualify 
Stated Investor
Why Us?
F.A.Q | Loan Geography | Nationwide Financing (Except Alaska, California, Idaho, North & South Dakota, Rhode Island, Utah). | |||||||||
| Loan Purpose Options |
Purchase or Refinance, Cash out. | |||||||||
| Loan Amounts | $300k-$50MM | |||||||||
| Available Terms | 5 or 10 year fixed rate balloon with up to a 30 year amortization. | |||||||||
| MAX LTV | Up to 75% on stabilized lease ready properties (SFR, TH, 2-4 family, Condos) & Multi units (max 20 units). | |||||||||
| Credit Grid | No Bk’s last 2 years and No Foreclosures. | |||||||||
| Recourse Options |
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| Non Recourse | 620 Minimum credit score for US Citizens LTV for Non-recourse will be based on overall credit/loan profile Foreign Nationals treated as Non-recourse, OK up to 75% |
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| Minimum DSCR | 1.15% ** Interest only available at 70% LTV and below, 670 score needed | |||||||||
| Minimum Property Value | $50k for 75% LTV, $40k- $49.9k limited to 50% LTV Multi Family $30k per unit. | |||||||||
| Prepayment Penalties |
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| Seasoning | After 90 days of ownership we will lend off appraised value. <90 days ownership we will lend off cost basis (purchase price + rehab) |
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| Occupancy |
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| Fees | Third party Appraisal Fees collected upfront at deposit to submit charges 1-2% origination and $2500 underwriting fee at close. Customary title charges at close. No application fees. | |||||||||
| General UW Tips | Loan is assumable with lender approval, with a fee equal to the >$10k or 1% of the loan amount. Monthly payment includes, Taxes, Insurance and Capex. Capex- $450 SFR- $350 2-4 Per Unit- $250 for multi units and condos (per year). No income verification- qualifies on the cash flow of the portfolio. |
