USE RENT AGREEMENTS TO QUALIFY – NO TAX RETURN INVESTOR LOANS
- No Income Verification Investor Loans – FHA mortgage lender
- STATED INVESTOR MORTGAGE LENDERS – LOANS BASED ON RENTAL PROPERTY INCOME!
- 2 to 4 Unit properties & Condos MAX 75% LTV / SFR max LTV 80%
- RATES starting in the mid 5’s on NO-income doc investment properties!
- DSCR Down to 80%
USE RENT AGREEMENTS TO QUALIFY – NO TAX RETURN INVESTOR LOANS
- Are you an investor with a 660 or higher Credit Score?
- Are you an investor with established credit history for at least 5 years?
Are you an investor with a minimum of three (3) trade lines that have been open for at least 24 months.
Are you an investor with least two (2) of the trade lines show activity within the past 12 months
Are you an investor with a minimum of 24 months housing payment history, 0x30?
Are you an investor with a primary residence last 12 months?
Are you an investor with other investment properties?
Does the property have at least 1,200 square feet of living space?
If a condo, has a questionnaire been completed and reviewed by non-Agency?
If a condo, does property have at least 600 square feet of living space?
Have you had any FC, SS, BK or DIL last 24 months?
If refinance, has property been listed in the last 12 months?
Is the new loan amount in line with borrowers other mortgages?
What is the value of borrower’s primary home (Use Zillow)?
What is the value of the subject investment property (Use Zillow)?
What is the rent estimate per Zillow?
What is the PITI per PQ?
What is the (DSCR) Rent / Mortgage percentage? (Minimum 80%)?
