We have loan products for the experienced Investors as well as the novice/beginners. The main difference in this kind of loan is that you can save costs and obtain a lower down payment, which the beginner cannot have. That is the biggest benefit you can have as an Investor.
Our Lenders offer the following programs for Investors:
- Cash-flow Investor Program
- 1 day out of foreclosure, short sale, BK, DIL
- Rates starting in the low 5’s
- Loans up to $1 million
- Credit scores down to 500
- Up to 85% LTV
- Combo loans up to 85% CLTV (min 680 score)
- DTI up to 50% considered
- Owner-occupied, 2nd homes, and investment properties
- Non-warrantable condos considered
- Jumbo loans down to 500 score
- 5/1 ARM or 30-year fixed
- No pre-payment penalty for owner-occ and 2nd homes
- No active tradelines OK with housing hisstory
- SFRs, townhomes, condos, 2-4 units
- Seller concessions to 6% (2% for investment)
No Income Stated or Verified
N/O/O Only (SFR, Condo/Townhouse, 2-4 Units, Mixed-use, Office, Retail)
$100,000 – $2,000,000 Loan Amounts (see our Hard Money Product for larger loans)
30 year amortization – 3, 5 or 7 year Fixed Term available
Prepayment Penalty Ranging from 1- 3 years
Up to 75% Purchase with a 650 FICO
Up to 70% Refinance with a 650 FICO
FICO down to 500 with LTV Restrictions
Interest Only Options Available
No Reserves Required
1st time Home Buyer OR Borrower that Rents their Primary – OK
Lender allows Gift of Funds and Non-Seasoned Assets
FIX & FLIP:
Program #1:
Down payment: Up to 15% of the purchase price
Rehab: Up to 100% of renovation costs
Short term/Bridge Loans
Minimum Loan Amount: $75,000
Program #2:
Down payment: 20% of the purchase price
Minimum Loan Amount: $100,000
7-month term (extensions available)
Rates starting at: 9%
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Buy & Keep: (Several programs are available)
Down payment: 20% of the purchase price
Minimum Loan Amount: $250,000
Other available Programs:
25% down payment
30% down payment (if low credit scores)