We are dedicated to helping our borrowers with getting the funding that they need, so we made some great updates to our ‘No Income Verification’ program!
Moving forward, any purchase on a residential investment property, where the borrower has a 700+ FICO score, now qualifies for up to 75% LTV.
Also, we expanded our incredibly efficient commercial program to now include investment residential properties.
Here are some of the program highlights:
- Guaranteed closing within 5 business days of receiving the appraisal and underwriting conditions on deals with 50% LTV or less
- 620+ mid-FICO score qualifies your borrower
- 700+ mid-FICO score qualifies for 50 BPS Reduction on the start rate
- Bankruptcies: Okay 1 day after discharge
- No tax returns or income statements required
Let us know if there’s anything that we can help with.