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 30 August 2022
Portfolio Jumbo - Stated Income California 11 January 2023
Portfolio Jumbo Low Doc - One Year P&L Statement Only 02 May 2023
24 Months Bank Statements - Business or Personal | Co-Mingle 24 September 2022
Bank Statements - Jumbo Mortgage - Interest Only 02 May 2023
Non-Qualified Mortgage Jumbo | Non-QM 02 May 2023
6 Month Bank Statement Mortgage Loan 01 May 2023
Bank Statements / Asset Depletion to 5 Million 29 August 2022
Hard Money Loans 29 August 2022
Bank Statement Loan to $4,000,000 29 August 2022
No Ratio Investor Loan Jumbo 11 February 2023
DSCR .75% Jumbo Mortgage 11 August 2022
12 Month Bank Statement Alt Doc 31 December 2022
Super Jumbo Investor Loan 22 August 2022
6 Month Bank Statement Mortgage Programs 22 August 2022
Non-Prime True No Doc Loan Program 06 February 2023
12 Month Bridge Loan 09 September 2022
Non-QM Lender 22 August 2022
Bank Statement Loans - 2021 16 July 2022
Debt Service Coverage Ratio Program 18 July 2022
Fix and Flip Program 22 August 2022
Non-QM Lender - Stated Expense Ratio 21 August 2022
Alternative Bank Statement Program for Real Estate Investors 21 March 2023
Non-Prime True No Doc Mortgage Program 28 February 2023
Non-QM Bank Statement Loan 18 July 2022
Debt Service Coverage No Ratio 20 July 2022
Bank Statement Loan to 75% LTV 620 Credit Score 01 January 2023
Super Jumbo Investor Mortgage | DSCR 28 September 2023
Exception-Based Non-Prime Lender 11 February 2023
California Hard Money Jumbo - 80% LTV 27 September 2023
Bank Statement Loan Options | Self-Employed Borrowers - 2022 31 August 2022
Bridge and Hard Money Loans 19 July 2022
California Hard Money Jumbo Lender to $20,000,000 17 November 2022
Stated Income Jumbo - 740 Credit Score 06 February 2023
Investor Mortgage Program 13 December 2022
Portfolio Mortgage Programs 06 February 2023
Investor Purchase Loan Program 06 February 2023
Asset Depletion Super Jumbo Mortgage 31 August 2022
95 Percent Financing 680 Credit Score 06 February 2023
Nontraditional Credit Loan 06 February 2023
Jumbo 1.5 Million Southern California 06 February 2023
80% Financing Stated Income / Stated Assets 31 August 2022
Stated Income Verified Assets Owner-Occupied Jumbo 07 April 2021
Hard Money Super Jumbo Florida 19 July 2022
First Time Home Buyer Jumbo loan 06 February 2023
Stated Income Verified Assets to 70% LTV Owner Occupied 07 April 2021
Bank Statement Loan - 600 Credit Score 26 October 2022
Jumbo Investor Loan 75% LTV 720 Credit Score 06 February 2023
Vesting Title in Legal Entities 16 July 2022
Stated Income / Verified Assets Super Jumbo 09 May 2023
Asset Qualifier Jumbo Loan 08 May 2023
True No Doc Home Loan 10 September 2022
Inherited Property Loan Program 31 August 2022
Jumbo Hard Money to 3 Million 80% LTV 19 July 2022
Hard Money 5 Million Owner Occupied 19 July 2022
Bank Statement Loan 580 Credit Score 24 September 2022
Bank Statement Super Jumbo Loan 15 March 2023
Stated Income Jumbo Construction Loan 10 Million 30 August 2022
Commercial Mortgage Stated Income Super Jumbo 31 August 2022
Investor Loan - No Doc 30 August 2022
Private Money 70% LTV 16 July 2022