- Cash-Out Florida Refinance – NO SEASONING REQUIRED!!!
- NO SEASONING REQUIRED – For Florida Cash-Out Refinance
When you’re ready to Cashout Refinance your Investment we’re ready to help.
First Off What is seasoning in the mortgage world? Seasoning in real estate usually refers to the length of time that a homeowner or investor has owned a particular home also known as title seasoning. Seasoning can also refer to the length of time a mortgage applicant has held a particular loan. Mortgage lenders usually have title seasoning requirements before they issue a home loan. WE HAVE NO SEASONING FOR INVESTORS!
What We Lend On: We lend on single-family homes, from one to four units, townhomes
and condominiums. We do not lend on commercial properties. We don’t source or season funds and only require 30-days of ownership seasoning on cash-out refis. Our minimum property value is $75K, with LTVs up
to 75% (80% on purchases with additional credit requirements).
Who we lend to: We lend to Investor property buyers with a minimum credit score of 640. Our investor no seasoning loan products have no income verifications or debt-to-income calculations.
How Fast Can You Close?: We are committed to a fast and easy process, and a quick close. Typically, we close a loan in a few weeks with our average close time being 14-21 business days once either an appraisal or application fee is paid for.Traditional loan products are not flexible enough to meet your needs. That is why our No Seasoning Mortgage Lenders provide investors with quick access to non-conforming mortgage products for Non-Owner Occupied Residential properties. So you Can:
- Fix & Flip No Season Refinance
- Buy & Hold No Season Refinance
- Rate & Term No Season Refinance
- Cash Out No Season Refinance
- Bridge Financing No Season Refinance
NO Seasoning Investor Program Guidelines
- No minimum FICO requirements
- Stated income/bank statements only
- Loans up to 75% LTV
- Loan amounts $100,000 up to $5,000,000
- Lending to LLC’s, Trusts and Individual Borrowers
- Reserve requirement: Borrower to have 4 months interest payment reserves, down payment, closing costs, rehab funds
- Foreign national program
- We finance single-family residences, condos, 1-4 units, and apartment buildings
No Seasoning Portfolio Mortgage Lenders Loan Programs- Experienced investors with growing portfolios can maximize their LTV after owning a property for only 3 months. Recycle your cash faster without proving
improvements! Restrictions apply – contact us for more information.
No Seasoning Mortgage LendersAdditional Info
Minimum Property Value: $75K
Minimum Loan Value: $45K
- No Seasoning Mortgage Lenders Portfolio Loans: $80K min. property value, $250K min. loan value.
- No Seasoning Mortgage Lenders Single Asset loans: Add 112.5 BPs on loans under $75K; 75 BPs on loans $75K-$99,999. 5 bps-37.5 bps deduct on loans $200K+
- 24 Month I/0: $75K min. loan value $100K min. property value (mpv) f. $125K mpv for SFR properties and $75K mpv per unit for 2-4 unit properties Additional requirements and stipulations apply for LTVs above 75% and DSCRs <1.0.
NO Seasoning Cashout Investment Mortgage Lenders – Rates are calculated based on your middle credit score, the Loan-to-Value (LTV), and Debt Service Coverage Ratio (DSCR)Check out our various loan products and associated rates/guidelines below:
NO Seasoning Cashout For Rental Properties- Our Rental investor loan program is perfect for the professional investor looking to grow their portfolio of single-family rental properties. With a full 30 year term, no balloon payments and a choice of either a 5/1 ARM, 7/1 ARM or 30 years fixed interest rate structure, The Rental investor loan program enables professional investors to build wealth over the long-term by locking in competitive interest rates and eliminating the risk of forced sales or refinances.
NO Seasoning Rental investor loan program transparency is important to us- You can see right here how we determine interest rates. To read the rental investor loan program tables to find your estimated credit score in the left column. Then estimate your DSCR by dividing your expected monthly property rent by your expected principal, interest, taxes and association dues, and select the corresponding column. Then select your Rental investor loan program desired LTV. (For 7/1 ARM pricing, add 20 bps to the rates below. For 30 Year Fixed pricing, add 55 bps to the rates below.)
RENTAL NO SEASONING PORTFOLIO MORTGAGE LENDERS –Refinance on 3 to 10 properties with one closing and monthly payment: Our Investor RentalPortfolio+ loan allows you to refinance on 3-7 properties all at once. With just one closing and one monthly payment, it’s perfect for investors looking to simplify their portfolio. Available as a 5/1 ARM, 7/1 ARM or 30 Year Fixed. For loan amounts of: $400k or more, add 50 bps to the single asset rate (5/1 ARM shown above); $300k-$399k, add 112.5 bps to single asset rates; less than $300k, add 150 bps to single asset rates.
24 MONTHS NO SEASONING INTEREST ONLY MORTGAGE LENDERS- Payoff early with no prepay penalty:
NO Seasoning Mortgage Lenders 24 Month Interest Only Bridge loan features no prepayment penalty nor DSCR requirements. Cash out on a property while it’s on the market so you can purchase your next investment without waiting for the other to sell.
