RESIDENTIAL 1-4 UNIT LONG TERM LOANS

1-4 Unit Low Document Investor Purchase or Refinance Long Term Mortgages:

Long Term Fixed Rate DSCR Loans for Non-Owner Occupied Properties:
We offer a mortgage program specifically for residential real estate investors. This program is a low
documentation, perfect for purchase, refinance or cash out after your have completed a rehab project. Can also be used for purchase or refinance of a stabilized proeprty. Program qualification is based on property income, LTV and FICO score, no personal income is required.

Long-Term (30 yr Fixed) Rental Loan Program Guidelines & Pricing:
Loan Amount: $75k-$5M
Minimum As-Is Appraised Value: $115k
Collateral: Non-owner Occupied 1-4 Family Residential Properties; Condos; Townhomes; Planned Unit Developments (PUDs) must be rented on long term lease
Term: 30 Years, Fully Amortized
Purchase: Up to 80% LTV
Refinance: Up to 80% of the As-Is Value
Cash-Out: Up to 75% of the As-Is Value
Vacation Rental Properties (AirBNB allowed)
Portfolio Loans for 3+ Properties (Average property value $115k)
Rate: Starting at 6.99%
Points: Vary based on loan amount
Credit Score: 660 Minimum
Programs: 30yr Fixed, 5/1, 7/1, 10/1 ARM and Interest Only
Prepayment Penalty: 0yr to 5yr Year declining options
Borrower Liquidity: 9 Months of PITIA Reserves

Portfolio Long-Term Rental Program (30yr Fixed Rate) for multiple Properties:
Loan Amount: $300k-$20M
Minimum As-Is Appraised Value: $100k
Collateral: 1-4 Family Residential Properties, Condos or Townhomes, 5-9 units
Term: 30 Years, Fully Amortized
Purchase: Up to 80% LTV
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 75% of the As-Is Value
Vacation Rental Properties (STR AirBNB allowed)
Portfolio Loans for: 2+ Properties (Average property value $100k)
Rate: Starting at 6.95%
Points: Vary based on loan amount
Credit Score: 680 Minimum
Term: 30yr Fixed, 5/1, 7/1, 10/1 ARM and Interest only options
Prepayment Penalty: 1yr to 5yr Year declining options (5,4,3,2,1%)
Borrower Liquidity: 9 Months of PITIA Reserves

Borrower Parameters:
A borrower seeking a DSCR loan must meet the following generally stated minimum requirements. Specific minimum requirements are set following our receipt of a loan application.

Preferred borrowers can be Corporations or Limited Liability Companies
Reasonable cash reserves of about 10-15%
Reasonable net worth
Credit score – 660 or better

Property Types:
1-4 Family Residential Properties

5-9 Unit Apartments
Warrantable and Non-Warrantable Condos
Townhomes
Planned Unit Developments (PUDs)