Lender · Elmhurst, IL · Member since 2018 · 100 posts · 24 votes
LOW DOC RENTAL LOAN
Property Type: Residential 1-4 Units
Term: 30 year Fixed or Fully Amortizing ARMs
Rates: As low as 6.49%
Purchase or R&T Refinance: 85% LTV
Cash Out Refinance: 75% LTV
Occupancy: Non-Owner Occupied
Prepayment: 3 year (3%-2%-1%)
Seasoning Requirements: Call for details
DSCR Requirements: 1.0x
Loans up to $1.5 Million
FICO Score: 620 minimum
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!