Single Family Residential
|Property Type||Single Family Residential, Multi Family 2-4 Unit & 5-50, Condo, Townhomes.
Min. unit count is 5 Units (ex: 1 Duplex & 1 Triplex OR 5 SFRs)
|Minimum Properties||2 Properties|
|Loan Amount||Minimum loan size of $150K|
|Loan to Value||Max LTV 75% – Cash out 70%|
|Loan Term||10 Year Term, 30 Year Amortization.
5,7,10 Year Balloons Yield Maintenance Up to Last 6 Months of Terms.
|Rent Coverage Ratio||1.20 (1.25 for loans under 1 million)|
|Proceed Usage||purchase, or refinance|
|Those Who Qualify||Foreign national—ok|
|Minimum Values||SFH 50k each – and 2-50 units, 40k per unit|
|Credit Score||Min 680|