Long Term Lender
1. Investors Only
2. U.S. Citizens, Permanent & Non-Permanent
3. Buyers may not be related to sellers in any manner
without full disclosure.
4. Individuals, LLC's, Corporations & Limited
5. No owner occupied loans.
1. Title may be held as: Individual, Corporation, LLC
2. Trusts subject to approval.
3. No non-profits.
4. Max of two individuals per loan
5. Fraud, OFAC Checks & Identity verification required.
80% Loan-To-Value Loans
Purchase only: 740 and above Credit Score
Purchase Only: 680 and above Credit Score with 3 mortgages in the past seven years with at least 12 mo. payment history. No mortgage lates in the past 36 mos.
660 - 679 Credit Score 75%
No Income Verifications
1. No 4506-T filled with the IRS to obtain copies of
filed tax returns.
2. No verification of employment (VOE)
3. No debt-to-income calculations (DTI)
1. Use middle of 3 or lesser of 2. Minimum of 2
scores required. Tri-merge report required
2. Minimum of 24 months credit history.
3. Minimum of 3 active trade lines ($1,000 minimum
line of credit) per borrower in last 24 months.
4. No cum. 1x60 lates on Primary or Investment
mortgages in prior 12 months and cannot be past
5. No cumulative 1x60 lates on non-mortgage trade
lines in prior 12 months, except: medical, utilities
Credit Bureau Reporting
The lender does not burden your investor portfolio by reporting to the 3 credit bureaus.
Property - Eligible
1. Single family detached, 1-4 multi-family, townhomes, warrantable condominiums
2. Up to 2 acres (possible exception)
3. Minimum gross living area 750 square feet
4. Leased or unleased must be rent ready
1. All loans require Form 1007 Appraisal with internal
2. Appraisals over 90 days old must be updated.
3. Property condition must ba a C1 through C4
4. Leased or unleased; must be rent ready
Property - Not Eligible
1. Non-Warrantable Condominium
6. fractional ownership
7. mobile homes,
8. unimproved land
9. zoned agriculture
10. commercial property
11. working farms/ranches/orchards
12. unique or over improved
13. geodesic domes or earth homes
14. properties subject to oil or gas leases.