Anyone ever use Luxury Mortgage for their investment property?

[Slade Harrison]

So I am searching for financing for a Duplex i am interested in and found Luxury Mortgage. They have an "Investor Cash flow" mortgage where they basically use the cash flow from the investment property, your credit score, and proof of down payment (at least 20%) to qualify you for the loan. I easily qualify for the loan, have the funds available for the down payment, and an 840 credit score and am wondering what the catch is because it sounds too good to be true. 

All in all, they offer multiple fixed rate loans, up to 30 year and ARM's, BUT at about 1% higher than today's rate...Every other lender i have spoke with wants at least 25% down, and at around 5.25-5.5%.

Has anyone used them before? I am wondering if they try to gouge you at closing? Thanks, 

[Jason D.]

@Slade Harrison it sounds like an average, low doc, investment property loan. There are lots of lenders that do these so I would just make sure you aren't paying a ton of points and that the fees are in line with other lenders.