MORTGAGE

Expand your small-balance mortgage origination business with solutions for investors of I -4-unit residential properties. Featuring fast closings and competitive rates, this stated income program is a smart alternative for clients looking to transition out of a short- term loan or acquire a new investment property.

LOAN SIZE LOAN TERMS
 $100,000 to $2 Million • 5, 7-year hybrid

• 30-year amortization

PROPERTY TYPES

 

MAX LTV

 

 

• 1-30 unit attached/ detached properties

• PUDs

• Condominiums

 

 

• Up to 80% for purchase and rate/term refinance

• Up to 75% for cash-out  or rate/term

LOAN PURPOSE CASH-FLOW REQUIREMENTS
•Purchase                            •Rate/term refinance

• Cash-out  refinance

• Qualifying income based on  property cash flows

• No tax returns or 4506T required

INTEREST RATES BORROWER
5-8% Individual or business entity

 

LOCATIONS

Generally urban or suburban locations in primary, secondary, or tertiary markets property cash Flow