You can qualify for more loans under our Investment Portfolio program that has offers specifically for investment properties.
We know there are borrowers looking to finance multiple properties, but may not meet the eligibility requirements for conventional loans. It doesn’t have to end there! Check out our product highlight below!
Here’s the Scenario
The Business Partner is assisting an investor that wants to purchase a $700K, two-unit property. This will be his 11th financed property, he wants to put down only 15%, avoid paying any MI, had a short sale two years ago, and has a credit score of 660.
The Solution – Investment
The Investment product allows us to provide our investor borrowers the opportunity and flexibility to buy more investment properties. More details below:
- Loan amounts from $100,000 to $2,000,000
- 85% LTV with a minimum FICO of 660 (80% LTV with a minimum FICO of 620)
- No MI
- Unlimited ﬁnanced properties
- Financing for non-warrantable condos and condotels allowed
- Delayed ﬁnancing for cash purchases – buyers can ﬁnalize sales with a cash offer and quick closing
- 24-month seasoning from BK dismissal/discharge date, foreclosure, Notice of Default, deed-in-lieu and short sale completion date to application date
- Seller contributions up to 6%
We are experts at financing investment properties, we can now finance up to 85% of the value of the property. Do not hesitate and contact our offices and we’ll connect you to a loan officer that will explain and go over this investment property mortgage program.
*This product is not regulated by the New York State Department of Financial Services