Real Estate Investor Loan: Up to 12 Financed Properties OK
Borrower can own unlimited properties, but only 10 can have a mortgage lien
680 Middle Credit Score | 85% Maximum LTV
No Ratio Income Documentation
Leases (or appraisal form 1007)
Six months Reserves required for the subject property plus 6 months liquid reserves for every property that is currently being financed. (Cash out can cover reserve requirement)
Jumbo Loan Amounts
* $250,000
* $4,000,000
Property Types
* Single Family Residence
* Non-Warrantable Condo
* 2 Units
* PUD
Occupancy
* Non-Owner-Occupied
* Second Home
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
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Maine, Massachusetts, Michigan, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, and Washington.