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9465 Counselors Way Suite #200, Indianapolis, IN 46240

Investor Property Finance Loans

NO-LIMIT INVESTOR PORTFOLIOS,

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What is Required for Stated Investor Loans?

Stated Residential Investor – 1- 4 Family Requirements

Rental Home Financing now provides a stated program for residential rental properties that does not require borrower tax returns to conform to a global underwrite. We like to see a minimum FICO score of 650 and will base the underwriting off of the asset(s). Typical guidelines are as follows:

Financing for 1 to 4 units investment/rental units free standing or attached duplex, triplex and fourplex properties. “blanket mortgage” funding available for multifamily apartment properties.

  • 30-year amortization
  • Property identification (application)
  • Credit report with middle score of 650
  • Maximum LTV of 75%
  • No rehabilitation or construction costs financed.
  • Will finance completed properties as a take-out/permanent mortgage funding.
  • Borrower may use “stated income” - No personal debt to income ratios. No global underwrite.
  • Appraisal done by a National Appraiser Service with average cost in the $400 to $600 range/property.
  • 1 – 2% lender origination points.
  • Property tax and property insurance impounds are required.
  • 3/30 - 5/30 - 7/30 - 10/30 / 30/30 Fixed Rates
  • Prepayment penalty is 3% for 1-4 unit deals and 5% for commercial. Borrower can pay off 20% of equity in any 12 month rolling period without triggering prepayment penalty. Example: 3 year fixed loan, a borrower can pay off 60% of principal without triggering penalty.
  • Prepayment penalty can be bought down options available.
  • 2% max gift allowance of total loan amount.
  • First time buyers can be allowed

BOTTOM LINE:
STATED INCOME LOANS = EASY APPROVAL & CLOSING

Rental Home Financing offers commercial stated income mortgage loans in most locations including:

Central StatesNorthern StatesPacific StatesSouthern StatesWestern States
Illinois Connecticut Arizona Alabama Colorado
Indiana Delaware California Arkansas Idaho
Iowa Maine Nevada Florida Kansas
Kentucky Maryland Oregon Georgia Montana
Michigan Massachusett Utah Louisiana Nebraska
Minnesota New Hampshire Washington Mississippi New Mexico
Missouri New Jersey North Carolina North Dakota
Ohio New York South Carolina Oklahoma
Wisconsin Pennsylvania Tennessee South Dakot
Rhode Island Virginia Texas
Vermont West Virginia Wyoming

Call us today – 1-888-375-7977 and speak with one of our qualified representatives.

Rental Home Financing Investment Loans

Published in Stated Investor

Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240

 

Fast Online Loan Application
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CALL TODAY: 888-375-7977

About Rental Home Financing:

Rental Home Financing, as the best mortgage lenders we originate rental home loan products and cash out refinance investment property loans as the best investment property refinance lenders. Commercial blanket loans are available with a commercial purpose to suit your needs.

Also, as DSCR loan specialists, we are currently authorized to make such loans in most all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). When you are ready to get a mortgage for rental property, we are ready to serve you.

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