Single Family Residential
Multi-Family
Condominiums
Townhomes
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 |
Rates | from 4.5+ |
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) |
Rehab Financing | N/A |
Proceed Usage | purchase, or refinance |
Those Who Qualify | Foreign national—ok |
Points | 1-3% |
Minimum Values | SFHÂ 50k each – and 2-50 units, 40k per unit |
Recourse | Non-Recourse |
Credit Score | Min 680 |