Texas NO Seasoning Texas CASHOUT REFINANCE UP TO 500K IN HAND!
Texas No Seasoning CASHOUT MORTGAGE REFINANCE UP TO 500K
Cashout Bank Statement Only Mortgage Lenders Texas
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 Texas No Seasoning FOR INVESTORS!

ADVANTAGES INCLUDE:

Asset Based Loans (NO Employment Verification, NO Income Qualification, NO DTI Calculations, NO Tax Returns or 4506 Required)
30-Day Seasoning on Refis
No Sourcing or Seasoning of Funds
Long-Term Buy & Hold Products (30-Year Amortizations)
Portfolio Loans Available
Close in Weeks, not Months
Up to 80% LTV on Purchases and 75% on Refi Cash-Outs
640 Min. Credit Score
Min. Loan Amount: $45K, Max Loan Amount: $2 million, depending on loan product

OPTIONS INCLUDE:

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

INVESTOR CHECKLIST

Two forms of ID
Tri-merged credit report with at least two credit scores
Appropriate insurance
A title policy
Voided check and the down payment (for purchases)
An executed copy of lease (if property is occupied)
An electronic asset verification of last two months bank statements.

DO YOU LEND TO BUSINESSES? Yes, we lend to LLCs, corporations, and limited partnerships provided ownership of the entity is not held by a trust. In addition to borrower requirements listed above, entities must provide corporate documentation. We do not lend to non-profits. We do not lend on properties held in trust. We do not lend to unregistered Series LLCs (SLLCs). All property/entity interest holders must sign a guarantee.

DSCR or Debt Service Ratio is calculated by dividing the monthly rent by the monthly principal, interest, property taxes, insurance and association dues, if any (PITIA). Property taxes include all city, county, school, municipal or other taxes related to the property. Insurance includes liability, casualty, rent-loss and flood, if applicable. We require “replacement cost” casualty insurance and rent-loss insurance. Please note that your monthly insurance expense may be higher than anticipated either because of our insurance requirements or because your property appraises for a higher value than the value at the time your previously obtained insurance.

Texas 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

Texas 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.

Texas No Seasoning Mortgage LendersAdditional Info
Minimum Property Value: $75K
Minimum Loan Value: $45K

Texas No Seasoning Mortgage Lenders Portfolio Loans: $80K min. property value, $250K min. loan value.
Texas 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.

Texas 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:

Texas 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.

Texas 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 Texas 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 Texas No Seasoning INTEREST ONLY MORTGAGE LENDERS- Payoff early with no prepay penalty: Texas 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.