Investor ProgramFlexible terms & qualifying standards
Our Investor product offers potential borrowers rates closer to prime than traditional hard money loans. Borrowers can qualify with flexible terms, including using rental property cash flow or debt service coverage ratio (DSCR), for example. No income qualifying is required. The Investor mortgage is ideal for borrowers who don’t want to provide personal income documentation, or are unable to qualify using traditional debt-to-income (DTI) ratios.
- DSCR > 100% or No Ratio
- LTV up to 85% for purchase and 75% for cash-out (DSCR > 100%)
- Loan amounts up to $3.5 Million
- LTVs ≤ 60% require 3 months reserves (PITIA)
- Maximum financed properties: 20
- Interest-only financing available (not available in Texas)
- Assets seasoning 30 days
- Option to vest in LLC
- Foreclosure/short sale/deed-in-lieu seasoning: 36 months
- Bankruptcy seasoning: 24 months
- Non-warrantable condos permitted
Borrowers who prefer not to use DTI criteria or are unable to qualify using conventional loan requirements. Based on reserves, payment history and credit depth.