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
$100,000 to $2 Million
PROPERTY TYPES
- 1-30 unit attached/ detached properties
- PUDs
- Condominiums
LOAN PURPOSE
- Purchase
- Rate/term refinance
- Cash-out refinance
INTEREST RATES
- 5-8%
LOCATIONS
Generally urban or suburban locations in primary, secondary, or tertiary markets property cash Flow
LOANS TERMS
- 5, 7-year hybrid
- 30-year amortization
MAX LTV
- Up to 80% for purchase and rate/term refinance
- Up to 75% for cash-out or rate/term
CASH-FLOW REQUIREMENTS
- Qualifying income based on property cash flows
- No tax returns or 4506T required
BORROWER
- Individual or business entity
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