Program Details:
As little as 0 months reserves (Use property cash flow to qualify).
- FICOS As Low As 620
- 40 Year Fully Amortized Term
- Rural Properties – Allowed max 2 acres
- 100% gift funds allowed if borrower can verify they have 5% of their own funds
- Recently listed properties allowed with min prepay of 1 yr.
- Living Rent Free Allowed for Experienced Investors Only
- Use actual rents received with 2 months documentation dated prior to application date
- STR’s allowed up to 75% LTV
- Investment Properties only
- 80% MAX LTV – Purchase
- 80% MAX LTV – Rate and Term Refi
- 75% MAX LTV – Cash out Refi
- Up to $1,500,000 loan amounts
- No Income, No Job,
- First Time Home Buyers Allowed, First Time Investors Allowed
- Assets held in Foreign Account allowed for reserves (See guidelines for restrictions)
- No STR experience required to use STR rental income
- No Restrictions on Nursing/Assisted Living homes
- No Reserves required
- Credit Event Seasoning only 24 months
- No Restrictions on Unleased Property
- Housing lates up to 0x60x12
- No restrictions on gift funds
- Condotels allowed
