Maximum Loan Amount Investor Mortgage – $3,500,000
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
Underwriter 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
Last Updated on 3 weeks ago by Broker Mortgages