Or perhaps you are an investor who owns one or more properties and wants to acquire more but perhaps your personal income is, well, complicated to document. We work with Lenders who have solutions for you! One, in particular, is Stephen Dwyer of Resource Financial. One such program is his Investor Cashflow Program. See details below:

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

What about those of you who are Entrepreneurs and because of your tax deductions, your income/purchasing power is reduced? Steve offers a program in which you can use the deposit history of your business bank account over a two year period to qualify for your mortgage, with no concern over what your expenses are. Contact him for more information on that - this can be a very useful short-term solution.

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.