Want to buy or refinance using investor-specific mortgage options without traditional debt-to-income (DTI) requirements? This loan program empowers you to qualify on a property’s rental income cashflow. Whether you are financing a single family home, townhome, condominium, or apartment building with two to four units, this program is ideal for borrowers who prefer not to use DTI criteria or are unable to qualify using conventional loan requirements.
GUIDELINES
Loan amount up to $2,500,000
(1-4) UNITS
Loan-to-value (LTV) ratios up to 85% for purchase and cash out to 75% (DSCR >100%)
Interest-only financing available
Asset seasoning 30 days (no gifts)
Vest in an LLC
Foreclosure/short-sale/deed-in- lieu seasoning 36 months