AVERAGE MARKET RENTAL INCOME LOAN PRODUCT
One of the benefits of using this product is that the borrower's income is not needed to qualify but instead uses the cash flow on an investment property by calculating the market rent to cover the monthly mortgage payments.
No income documents required
Delayed financing available
No 4506-T, no taxes
No lease required
With lease, maximum LTV is allowed
6-12 months reserves required
Low fixed rates and ARM's available
I/O Available
LENDING PARAMETERS
$100,000 - $3.5 Million
LOAN AMOUNTS
LOAN TO VALUES
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Up to 85% LTV on Purchase
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Up to 75% LTV on Refinances; Cash Out
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Up to 80% LTV on Refinances; Rate and Term
PROPERTY TYPES
Condo, PUD, SFR, 1-4 Units
(Up to 8 Units on Case by Case Basis)
LOAN TERMS
5 to 40 Years
CREDIT SCORE
FICO as Low as 620
CLOSING TIMELINE
14 to 30 Days
An Average Market Rental Income Loan Product is a great option for experienced real estate investors and first time investors to grow their real estate portfolio. Get started with your loan today!
Click HERE to apply for an Average Market Rental Income Loan Product
Click HERE to apply for a Residential Mortgage Loan Product using only Bank Statements Income to Qualify
