Low Doc Rental Loans (Large Portfolios Welcome)
• Property Types: Residential 1-4 Units
• Term: 30 year Fixed or ARMs
• Rates: As low as 6.49%
• Purchase or Rate & Term Refi: Up to 85% LTV
• Cash Out Refi: Up to 75% LTV
• Occupancy: Non-Owner Occupied
• Prepayment: 3 year (3%-2%-1%)
• Seasoning Requirements: Call for details
• DSCR Requirement: 1.0x
• Appraisal Required: Yes
• Loans Amount:Up to $1.5 Million
• FICO Score: 620 minimum
REQUIRED DOCS
• Complete Application
• Lease Agreement (if applicable)
• 2 Months Bank Statements (purchase or rate & term refi)
• Copy of Driver’s License or State ID
If you own or want to acquire a large portfolio of 1-4 unit residential property. We have extensive experience financing large portfolios. We'd love to hear from you!
