Real Estate Investor Loan: Up to 10 Financed Properties OK

Borrower can own unlimited properties, but only 10 can have a mortgage lien

85% Maximum LTV Financing

680 Middle Credit Score

Loan Amounts:

  • $250,000
  • $2,000,000


Property Types

  • Single Family Residence
  • Non-Warrantable Condo
  • 2 Units
  • PUD


Occupancy:

  • Non Owner Occupied
  • Second Home


Income documentation

Six months Reserves required for the subject property plus 6 months liquid reserves for every property that is currently being financed

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

 

States:

Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | North Carolina | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Virginia | Washington | Wisconsin

 

 

Reference #254528091614am