Refinance - Investment Property Options

Investment property loans usually depend on two things: the no of units within a property, and the use of a property as a principal residence. Furthermore, there are two types of investment property loans; residential and commercial. The standards for the lending of loans for the above two segments are significantly different. It is important to understand the difference between the two before contemplating getting a loan.

Residential Loans are for properties that provide dwelling for families or individuals, and are comprised of four units or less. The loans are made on standards such as: Debt to Income, Credit Score, Loan to Value (LTV), and Landlord experience. After the sub-prime mortgage crisis the standards have become quite stringent resulting in the dropping of LTV ratio from 125% to 70%- 80% range. Land experience, although not a requirement, can affect your ability to get a loan.

Commercial loans on the other hand, are designed for properties with 5 units or more, and other non-residential investment properties. The rates are usually higher and time lengths of loans are shorter. The standards for commercial loans are similar with the exception of addition of one major standard in the form of Debt Service Coverage Ratio (DSCR). The degree and extent to which the standards are applicable to commercial loans is also varied.

The qualification process for commercial loans focuses on the income and cash flow generated from the property, unlike residential loans where your personal income and profile have precedence. This is based on the premise that commercial properties are often larger in size, and if the borrower is unable to make the payments, the property should be able to cover for itself. DSCR ratio which equals net operating income/debt service is the primary tool used by the lenders in determining the ratio of cash flow to expenses of a particular property. A commercial lender typically likes to see a DSCR of 1.2, meaning that after all the expenses are paid, there is at least 20% cash flow profit on top.

Until now, the information we have covered, pertains to conventional mortgage loans, that is, a loan with a fixed interest rate and a fixed period of time. When we think of conventional loans, we usually associate them with large financial institutions such as banks. But unfortunately, not everyone is able to meet the stringent requirements of large financial institutions usually due to the credit profiles that do not yield a high enough credit score. In this event, unconventional loan may be the only option available to investors who are financially sound but have hit a financing wall with conventional funding, and that is where we come in.

We not only provide conventional loans but also specialize in providing unconventional mortgage loans with varying guidelines, terms and conditions. Based on different investor profiles and needs, we have six different "Non Owner Occupied" Loan programs ranging from short term property loans for flips, and foreclosures, to jumbo and more conventional portfolio loans with special terms and conditions for investors with excellent profiles. More details of the options available to you are in the link below.

Investment Refinance Loans - Guidelines and Highlights.

Below is a list of some of our Refinance "Investment Property" loan programs.

Let us know if you have any questions. Do not try to pre qualify yourself; call Customer Service 858-222-7534 to speak with a Mortgage Expert or fill out a Pre Qualification form.

Title Modified Date
Alternative Income Documentation Jumbo Program 07 April 2021
Portfolio Jumbo - Stated Income California 23 June 2021
Portfolio Jumbo Low Doc - One Year P&L Statement Only 03 September 2021
24 Months Bank Statements - Business or Personal | Co-Mingle 15 January 2022
Bank Statements - Jumbo Mortgage - Interest Only 02 March 2022
Non-Qualified Mortgage Jumbo | Non-QM 29 August 2021
6 Month Bank Statement Mortgage Loan 07 August 2021
Bank Statements / Asset Depletion to 5 Million 15 January 2022
Hard Money Loans 23 June 2021
Bank Statement Loan to $4,000,000 15 January 2022
No Ratio Investor Loan Jumbo 15 January 2022
DSCR .75% Jumbo Mortgage 15 January 2022
12 Month Bank Statement Alt Doc 15 January 2022
Super Jumbo Investor Loan 15 January 2022
6 Month Bank Statement Mortgage Programs 15 January 2022
Non-Prime True No Doc Loan Program 15 January 2022
12 Month Bridge Loan 15 January 2022
Non-QM Lender 16 October 2020
Bank Statement Loans - 2021 15 January 2022
Debt Service Coverage Ratio Program 15 January 2022
Fix and Flip Program 16 September 2020
Non-QM Lender - Stated Expense Ratio 24 October 2020
Alternative Bank Statement Program for Real Estate Investors 15 January 2022
Non-Prime True No Doc Mortgage Program 15 January 2022
Non-QM Bank Statement Loan 15 January 2022
Debt Service Coverage No Ratio 15 January 2022
Bank Statement Loan to 75% LTV 620 Credit Score 15 January 2022
Super Jumbo Investor Mortgage | DSCR 15 January 2022
Exception-Based Non-Prime Lender 15 January 2022
California Hard Money Jumbo - 80% LTV 21 May 2022
Bank Statement Loan Options | Self-Employed Borrowers - 2022 21 January 2022
Bridge and Hard Money Loans 01 October 2020
California Hard Money Jumbo Lender to $20,000,000 14 July 2021
Stated Income Jumbo - 740 Credit Score 14 July 2021
Investor Mortgage Program 23 January 2020
Portfolio Mortgage Programs 23 January 2020
Investor Purchase Loan Program 17 July 2021
Asset Depletion Super Jumbo Mortgage 22 July 2021
95 Percent Financing 600 Credit Score 23 January 2020
Nontraditional Credit Loan 23 January 2020
Jumbo 1.5 Million Southern California 14 July 2021
80% Financing Stated Income / Stated Assets 07 April 2021
Stated Income Verified Assets Owner-Occupied Jumbo 07 April 2021
Hard Money Super Jumbo Florida 23 January 2020
First Time Home Buyer Jumbo loan 23 January 2020
Stated Income Verified Assets to 70% LTV Owner Occupied 07 April 2021
Bank Statement Loan - 600 Credit Score 08 January 2022
Jumbo Investor Loan 75% LTV 720 Credit Score 17 October 2021
Vesting Title in Legal Entities 15 January 2022
Stated Income / Verified Assets Super Jumbo 07 April 2021
Asset Qualifier Jumbo Loan 10 June 2021
True No Doc Home Loan 27 October 2021
Inherited Property Loan Program 12 June 2021
Jumbo Hard Money to 3 Million 80% LTV 17 February 2022
Hard Money 5 Million Owner Occupied 23 January 2020
Bank Statement Loan 580 Credit Score 11 September 2021
Bank Statement Super Jumbo Loan 27 July 2021
Stated Income Jumbo Construction Loan 10 Million 07 April 2021
Commercial Mortgage Stated Income Super Jumbo 07 April 2021
Investor Loan - No Doc 17 October 2021
Private Money 70% LTV 17 October 2021