SFR
2-4 unit
Condo
Town Homes
Property Type | Single Family Residential, Multi Family 2-4 Unit & 5-50, Condo, Townhomes. Min. unit count is 2 Units |
Minimum Properties | 2 Properties |
Loan Amount | Minimum loan size of $150K |
Rates | Starting 8%+ |
Loan to Value | 75% Max for Purchase and Refinances |
Loan Term | 30 Year Term, 30 Year Amortization. 5/1, 10/1 ARM, and Interest Only Options Available. |
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% + |
Minimum Values | $100k per property |
Recourse | Non Recourse Available |
Credit Score | Min 660 |