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Rental Loan Program

Rental Loan Program

Property must be RENT READY (Un-leased properties are OK)
Minimum credit score – 660
SFR, 1-4 units and condos unwarrantable and warrantable. No commercial or mixed-use. Non owner occupied.
5/1 & 7/1 ARM and 30-year fixed products. Portfolio loans to 7 properties per loan, refinances only.
Custom loans with Negative Cash flows available, all with 30 year amortizations
NO Check stubs — No Income Verification — No DTI — Low Doc Loan
NO TAX RETURNS or 4506 required
NO SOURCE OR SEASONING of Fund
Up to 80% LTV on Purchases
30 Day seasoning on Cash Out refi’s using the APPRAISED VALUE. Up to 75% Loan to Value
Use your OWN Appraiser
No ORIGINATION FEE option for loans over $175,000
30 day closings. Close in Weeks, not Months
Collateral/Cash Flow driven underwriting
6% Seller concessions OK
Rates as Low as 5% — with buy downs
Buy and Hold Products
$75K Minimum Value, $45K Min. Loan Amount, $5 Million Max Loan Amount:
We require property value of at least $100,000 for the following cities: Baltimore MD, Philadelphia PA,
and Washington DC
Cook County IL and Cuyahoga County OH require $125,000 property value for single family residences,
$150,000 for 2 unit properties, $225,000 for 3 units, and $300,000 for 4 unit properties
   

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