RENTAL PROPERTY LOAN.
• Qualification based on property cash flow
- Minimum DSCR* 1.10
• Credit scored starting at 680
• No personal income / no employment needed
• Up to 75% LTV
*DSCR - Debt Service Coverage Ratio: Rent/Mortgage
• Loans up to $1 million, $75K minimum
• No limit on total number of properties
• Purchase and cash-out or rate-term refinance
• Properties can be in LLC's name
• Non-warrantable condos OK
We make loans on investment property only. Corporations and LLC's are welcome.
These programs are intended for loans in which the proceeds will be primarily for OTHER than personal, family or household purposes. Please contact us for details on our business pupose documentation requirements