MortgageMortgage Programs
Mortgage Programs
- Fixed interest rate; 15 or 30 years
- Amortization–15, 25 or 30 years
- LTV Ratios–up to 85% depending on loan program
- Adjustable interest rate
- Interest only option
- Purchase; rate-and-term-refinance; cash-out refinance
- Bridge financing
Eligible Properties
- Multifamily
- Retail Restaurant
- Warehouse
- Mobile Home Park
- Light Industrial
- Mixed-Use
- Office
- Self-Storage
- Daycare Center
- Automotive
DSCR Program Overview
- Loan size: $100,000 to $2,000,000
- Purpose: Purchase, Refinance, Cash Outs
- Loan term: 30-Year Fixed
- Amortization: up to 30 years
- LTV: up to 80%
- FICO: 660
- DSCR: 0.75x
- Documentation: No tax returns required
Portfolio loans
Options to consolidate or restructure payments in a way that best serves their business.
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- Min of 3 SFR/2-4-unit properties and $500,000 loan amount
- Max of 25 properties may be combined into 1 loan
- Min unit value: $100,000
- Max loan size: $6,250,000 total
- Min loan size: $500,000 total
- Max LTV: Purchase – 80% / Refi – 75%
Eligible Borrowers
- Individuals or entities
- U.S. Citizen
- ITIN
Options For Qualifying Borrowers
- Full documentation for lowest rates
- Lite documentation–no tax returns
- Streamline documentation–no tax returns or bank statements
- Bank statement doc–supply bank statement only
- DSCR–qualify based on the property’s income