Real Estate Investor Loan

Up to 10 Financed Properties OK

Borrower can own unlimited properties, but only 10 can have a mortgage lien

75% Maximum LTV Financing

720 Middle Credit Score

Loan Amounts:

$100,000 Minimum

$2,000,000 Maximum

Property Types:

Single family residence

Non-warrantable condo

2 Units

PUD

Occupancy:

Non Owner Occupied

Second Home

Income documentation:

Six months Reserves required for the subject property plus 6 months liquid reserves for every property that is currently being financed

Underwriter Notes:

In order to utilize rental income, tax returns are required. Lease agreements accepted too

Bankruptcy or Foreclosure 7 years seasoning required

Interested parties Contribution OK for Second Home and Non-Owner Occupied investment property

 

Reference #254528091614am