If you aren’t already aware, Dodd-Frank changed a lot of rules around mortgages when it went into effect in July 2010. The purpose was to stop predatory lending practices that led to sub-prime mortgages fueling toxic mortgage-backed securities. Stated income loans were mentioned alongside mortgage-backed securities. That caused a lot of confusion.
The idea of simply stating your income and being taken at your word was an honor system that wasn’t exactly honored across the board. It’s understandable why these loans weren’t meant for the average consumer. But there’s a reason stated income loans existed in the first place.
New for 2019 - Rental property investors can now use our "Single Propety Loan" to purchase, refinance or cash out individual rental properties one at a time.
Our new rental investor financing lending programs allows rental investors to build their portfolio 1 by 1.
We Are YOUR Lending Partners From Your First Property to Your 100th
Single-Property Acquisition, Refinance, and cash out mortgage Loans for Rental Property Investors – Nationwide with benefits such as:
Both newly formed investors and truly seasoned rental real estate professional are now able to use our Single Property loan program. Professional Landlords will appreciate the streamlined application process, the first time property owners, on the flip side, should use our online resources available to assist those looking to make their own mark into rental property investing.