Maximum Loan Amount Investor Mortgage – $3,000,000
This investment property loan program provides up to $3,000,000 for purchases and rate-term refinances, with cash-out refinancing available up to $1,500,000.
Available for investment properties, non-owner-occupied homes, and second homes, the program allows real estate investors to own up to 20 financed properties.
Income Documentation N/A
Minimum Credit Score/ Maximum LTV:
* 700 Credit Score – 90% LTV
* 680 Credit Score – 85% LTV
* 660 Credit Score – 80% LTV
* 640 Credit Score – 75% LTV
Eligible Property Types:
* SFR Single Family Residence
* 2-unit
* 4-unit
Eligible Occupancies:
* Investment Property / Non-Owner-Occupied
* Second Home
**Real Estate Investor can own up to 20 financed properties*
Credit Notes:
* Bankruptcy – 36 months seasoning required from bankruptcy discharge date
* Foreclosure – 24 months seasoning required
* Short Sale – months seasoning required
50% maximum DTI Debt to Income ratio
Available in the Following States:
Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.
Reference # – 125 527030515