Mortgage Blog

Expanded Loan Programs - No Doc Investor

Expanded Loan Programs - No Doc Investor

February 5th, 2018 | investor financing, No Doc Investor Loans, Specialized Forward Mortgages, Jefferson Mortgage Group

Due to recent changes to the HECM Reverse program, we have redirected some of our focus into the areas of private Jumbo Reverse Mortgages for the higher priced homes and Specialized Forward Mortgages primarily focused on self-employed borrowers and investors. This will allow us to broaden our overall product offerings and keep an eye on new developing trends in the mortgage market for our customers.

This month’s focus is on investor financing. I would like to introduce our new 80% LTV No Doc Investor loan.  This loan does not require income verification (no income verification loan), does not have any debt to income qualification requirements (no debt to income loan), and also does not require a borrower to be employed in order to obtain a loan to buy an investor property (no employment loan).  We would have to track back ten years to find such a loan but today the market is slowly evolving toward more borrower flexibility. It can also be for a single family home or multi-unit (2-4 units).           

The significance of this type of flexibility in obtaining a mortgage revolves around a constructive level of leverage.  Over the past decade it has been said that more than half of the borrowers that purchased an investor property paid all cash at closing.  This can stifle diversification and prevent you from participating in other markets that will also perform well over time.  This has been evidenced by how the equity markets have performed over the past nine years, but this certainly does not negate the safety and diversification of also having investments in real estate.  For many people this was not an option because they simply did not qualify for loans due to full verification of income requirements and/or the standard rule governing a maximum number of financed properties.

This new investor program only requires a 20% down payment and there is no maximum number of financed properties.  This program can be used to buy an investor property if you would like to take some money out of the equity market, as an example, or it can be used to establish a new loan to draw cash out of your real estate portfolio to put money into an alternative market.

You may not get the desired returns through the market cycles if you are not properly diversified. If you do not have a toe in the equity markets as they soar on the tax changes and global growth, then you may be making excuses. Too much leverage may be bad, but optimizing leverage and maintaining proper diversification is often said to be the key to long term success. Use our investor programs to buy and cash-out to help achieve your goals. With our flexible No Doc mortgage loan for real estate investors nothing is out of your reach.
 

George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC
Reverse Mortgage Specialists –VA, MD. DC & PA.

Other Programs:   Alt-A Investor loans-80% Full doc & 75% No Income-No Employment, FHA & VA with Lower Score Options, Fixed & Variable Jumbos-Traditional & Private Label Reverse, Self-Employed Bank Statement & Asset Dissipation Programs. Full range of Non QM Loans for expanded qualification.

Questions/Comments encouraged.

Comments

Kathy sheets - October 13th, 2020

I’d like to buy a condo 150k 

Leah M - October 2nd, 2020

We have some money to put as down payment but need financing for the remainder of the purchase price.  Would like to talk about this program in further details and see if we can qualify.

Amber Creekmur - June 8th, 2020

Need cash out.

Marcus Harris - May 19th, 2020

I have down payment to purchase house recive ssi need a lender or broker

LEAH ELLINGER - May 11th, 2020

Looking for no doc loan

Justin Montoya - March 19th, 2020

Need a short term investment loan for a fix and flip on a sfr

David Nuckols - October 9th, 2019

Need cash out

Bryan Leach - July 12th, 2019

Have 30% down looking for investor no doc loan on a 300k property

ELVIN AMES - January 27th, 2019

Need a no doc investor refinance in an existing LLC onna 4 unit 973-336-9524

Pat Gerharz - September 27th, 2018

Looking for mortgage 



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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

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Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.