You can now qualify based on the cash flow generated by investment properties you already own. No personal income required. This saves you from submitting complicated income statements and tax returns.
- Property break-even or positive cash flow? 80% LTV to $1.5 million
- Property negative cash flow? Rents can be as low as 80% of PITI up to 75% LTV
This helps you obtain more to achieve your real estate investment goals. This program is a great solution to today’s challenging market which makes it tough to qualify for a loan for investment properties.
Program highlights:
- Rates starting in the 5’s
- Loan Amounts up to $1.5 million
- 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- Credit scores down to 660
- Up to 80% LTV
- No DTI restrictions
- Vesting in an LLC Allowed
- Must own a primary home
- 1-4 units and condos
- No limit on
number of properties financed (5 with AOMS) - Seller concessions to 2%
- 7/1 ARM
We pride ourselves in helping people obtain their real estate goals no matter the challenges, and are happy to present Steve as a skilled and resourceful business partner to help get the job done.
Contact Steve here.