Investment Property loans:
Investment property loans today are credit and
income driven. There are no stated income loans for
investment property (nothing bankable ). We can do 1- 4 units
for Purchase, refinance and cashout. Note, that bank loans require the
Property be in average or better condition with no problems with roofs
Foundation.
LTV : Max 80% on Purchase,
75% on Cashout
Loan size 50k -500k
Property 1-4 units , 5+ = commercial
Credit 660 minimum
Term 15-30 years
DTI 45% , must prove income
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