Investor Real Estate Loans for Rental Property purchase!Updated December 8, 2021
Guildelines for Real Estate Loans for Rental Property purchases!Program Features:
- Institutional Mortgage Company Offers Investor Financing. This option is designed for experienced real estate Investors seeking to purchase or refinance an investment property that is owned for business purposes.
- 640 minumum middle FICO 5-4-2 credit score.
- 80% Loan-to-Value (LTV) for purchasesand rate and term refinances.
- 75% Loan-to-Value (LTV) for cash-out refinances.
- Available for mortgage Loans up to $2M.
- Debt-to-Income ratio (DTI) not calculated-use cash flow analysis of subject property.
- Investor is qualified based on the cash flow of the subject property.
- No tax transcripts or tax returns required
- Debt Coverage ratio's = 1% for Purchase and Rate & Term Refinances, 1.15% for Cash-Out refinances.
- Unlimited financed properties allowed, (not limited to 10).
- 30-Year fixed rate and 30-year interest only fixed rate terms available.
- 10-Year Interest only period.