If you’re in the market for an investor property we have a very flexible line of investor loan programs that can help. Approximately fifty percent of investor sales over the past decade have been made with all cash purchases. This lack of leverage negatively affects your overall diversification and can also diminish your investment returns. Although these two issues may be true, many people simply could not qualify for full documentation loan programs and other program variants were not available. Today, we are offering four different program variants with different documentation types depending on your needs; from Full Doc to the popular No Doc property based, to the Fix & Flip Rehab and the Commercial Hard Money loan as outlined below.
Permanent financing is available for rehabbed/improved properties owned less than a year based off the current appraised value and not the property cost basis provided you have owned the property a minimum of three months and it is a rate/term refinance.
No Income-No Employment (NO DOC) investor financing up to 80% LTV. This is a true Alternative-A loan program variant form the old days. It is available for Single Family Investor properties and Multi-Unit properties (2-4 units) with some restrictions. There is No Income stated on the application so there are no actual debt to income qualifying ratio requirements (DTI). There is also no employment stated on the application or required (No Job required). This is a property based loan program where traditional individual qualifying criteria, other than credit and credit score, do not apply. This program serves as an excellent means of allowing investors the freedom to purchase properties when the opportunity arises, confidently knowing that a long-term competitive loan program will be available. This program allows for properties owned in LLC’s or individually and there is no maximum on the number of financed properties an investor can own. It also allows Investor Cashout Options to help the many owners that are currently saddled with too much equity in too few properties so they can diversify and increase their aggregate cash flow. Use this program to purchase new properties or Cashout and create some healthy leverage against your portfolio of properties where desired; up to an attractive 80% LTV. Available programs include attractively priced long-term ARMs and 30 year fixed rates with prepay and no prepay penalty options.
Our selection of investor programs provides you with many options when it comes to residential real estate. You can purchase a new investor property or take cashout of an existing one with flexible Full Doc or No Doc Investor program options. Alternatively, you can buy a property that doesn’t qualify for traditional financing due to the need for repairs and our Fix & Flip investor loan will provide you the flexibility to purchase the property and fix it to sell or keep. Lastly, our Hard Money program can provide you with quick financing options for buying properties at auction or simply for a short term loan. Our investor loans are tools that can help you meet your goals. Call us today to discuss your scenario and let us help you reach your goals with the right investor financing. Located in Fairfax County, we are we are your Local Mortgage Professional in Virginia, Maryland, DC & Pennsylvania.
* We offer both QM and Non QM Loans in this category.