Rental 360 (1-4 unit 30 year Mortgages)

FAST CLOSINGS AND COMPETITIVE PRICING FOR 1-4 SFR INVESTOR DEALS

STATED INCOME, NO DOC LOANS — NO income verification required & NO tax returns needed.

Expand your small-balance mortgage origination business with solutions for investors of 1-4-unit residential properties. Featuring fast closings and competitive rates, this stated income program is a smart alternative for clients looking to transition out of a short-term loan or acquire a new investment property. We treat your rental property like your own small business, and we underwrite to the cash flow it will produce, not your personal income. We don’t limit the number of rental properties you can own, so we give you maximum flexibility. We provide personalized service throughout the entire loan process – from quote to close.

Why Clients and Brokers Use Us?

Top 3 Reasons

  1. No tax returns or 4506T required during transaction
  2. No DTI calculation
  3. Competitive solution for Fannie Mae fallout

LOAN SIZE

  • $75,000 to $2,000,000

LOAN TERMS

  • 30 year fixed
  • 5, 7, 10-year hybrid
  • 30 Year amoritization

PROPERTY TYPES

  • 1-4 unit attached/detached properties
  • PUDs
  • Condominiums

LOAN PURPOSE

  • Purchase
  • Rate/term refinance
  • Cash-out refinance

BORROWER

  • Individual or business entity
  • Credit Score: Minimum 650

MINIMUM DSCR

  • 1.2

MAX LTV

  • Up to 75% for purchase and rate/term refinance
  • Up to 70% for cash-out refinance

INTEREST RATES

  • From 5.25%

CASH-FLOW REQUIREMENTS

  • Qualifying income based on property cash flows
  • No Doc Loan: No W2, tax returns or 4506T required
  • Must have: own a primary home, or 1 investment property, or hires a property manager
  • Closing in less then 30 days

LOCATIONS

Generally urban or suburban locations in primary, secondary, or tertiary markets.

PREPAYMENT PENALTIES ARE:

  • 3% 2nd year
  • 2% 3rd Year
  • 1% 4th year

Save up to .50% off of the interest rate with the below option:

  • 5% 1st year
  • 4% 2nd year
  • 3% 3rd year
  • 2% 2nd year
  • 1% 1st year

TAKE THE NEXT STEP

Get preliminary approval for a Rental 360 Loan

Simply complete the form using the link below, or call us at 718-285-0806:

Rental 360 Online Application
Rental 360 Paper Application

CONTACT US TODAY

FAST CLOSINGS AND COMPETITIVE PRICING FOR 1-4 SFR INVESTOR DEALS

Take advantage of Express Capital Financing’s expertise to meet your specific needs and close more small-balance deals! Closing costs range from $1000-$2995 for legal, commitment fee, underwriting, attorney & llc review.

CONTACT US