This program is designed for one to four family business purpose loans that offer an elegant blend of flexibility and robust features, catering specifically to the discerning investor. It allows for streamlined income verification through market rent or lease agreements, highlighting its commitment to ease and efficiency. The inclusion of a 2/1 temporary buydown reflects its adaptability to different financial strategies. Furthermore, its diverse DSCR options, coupled with provisions for short-term rental, emphasize its relevance in today’s dynamic investment landscape. With a foundational FICO requirement of 640 and an accommodating LTV threshold, this program is both inclusive and prudent. It is complemented by versatile property type options and judicious financial provisions, solidifying its position as a premium choice for serious investors.
Program features
- Loan Amounts From $75K to $3M
- First-Time Investors Allowed
- No Max Financed Properties
- Max 85% LTV / 660 Min FICO / DSCR Ratios
≥ 1.00 and ≥ 0.75 to 0.99 - 15- and 30-Year Fixed, 30- and 40-Year I/O Products
- Investment Properties Only With Required
Prepayment Penalty - Purchase, Rate/Term and Cash Out
- Unlimited Cash Out LTV ≤ 60%
- SFR, PUD, Warrantable and Non-Warrantable
Condos, Condotel, 2-4 Units, Max 2 Acres
With Restrictions - U.S. Citizen, Permanent Resident Aliens,
Non-Permanent Resident Aliens - Housing History 0x30x12 (1x30x12 Considered
With Restrictions) - Gift Funds and Interested Party Contributions
Options Available - Short and Long-Term Rental Options Available
- Entity Vesting Eligible
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