Portfolio Investor Program
We are always looking for ways to make sure that our borrowers have many mortgage options available to choose from. Below is a new investor program that is completely income free, thats right its a No Income Verification Loan for investment properties.
- No borrower income or employment stated or verified
- Fixed, Arms and Interest Only
- Can close in LLC!
- Gift funds and Gifts of Equity allowed!
- Unlimited cash-out
- Non-warrantable Condo’s
HOW DO I QUALIFY? IS THERE A DTI?
No DTI required, qualified from the cash flow of subject property with a 1:1 ratio, for example, if you are getting $2,000 in rent, and your new payment is $2000 or less, your “cash flow” reflects that! And yes, it is that easy. (Unsure if my edit works here).
No Income, No pay stubs, Not tax returns, No 4506t!!!!
WHAT IS THE MAXIMUM AMOUNT OF FINANCED PROPERTIES?
Unlimited. There is no maximum.
WHAT IS THE MINIMUM FICO SCORE?
WHAT IS THE MAX LTV?
CAN THIS BE THE BORROWER’S FIRST INVESTMENT PROPERTY PURCHASE?
No, borrowers must have a minimum of 6 months history owning and managing residential/commercial income producing property.
IS THERE A PRE-PAYMENT PENALTY?
Our loan officers are standing by to answer any or all of your questions.