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Updated 3 months ago,
![Stacy Raskin's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2580107/1667506070-avatar-stacyr63.jpg?twic=v1/output=image/crop=1115x1115@0x104/cover=128x128&v=2)
Get Cash Out of Your Investment Property with no Personal Income Needed for the Loan
Get Cash Out of Your Investment Property with no Personal Income Needed for the Loan- Pricing Special- 0.25% off for all loans locked in November
DSCR loans are a great way to supercharge your investment goals and net worth. Depending on the loan program, the mortgage will only be qualified off of your middle credit FICO credit score, down payment and market or actual rents.
If you aren't looking to get cash out, you can also refinance out of a shorter term hard money loan or any loan to have a fixed 30 year mortgage term with a lower rate.
More details:
- Loans available for cash-out
- Credits score down to 620 (for loans under $100K, middle mortgage credit score is 680). Minimum $75K appraised value needed.
- LTV are up to 75% for cash out.
- Cash out limits depend on property value, credit score and if the property is vacant.
- Non-warrantable condos and condotels permitted for loans above $100K.
- Rate buydown feature available.
- DSCR (lower of gross rent lease or Appraisal Form 1007/216 rent divided by PITIA) as low as 1.0x.
- Short term rentals can be structured off of 12 month short term rental history for loans above $100K.
- Fixed 30 year terms or fixed 40 year terms of 10 years of interest only payments followed by 30 years fully amortized for loans above $100K.
- Loan options in most states.
- Inquire for additional details.
I look forward to hearing from you.
- Stacy Raskin
- [email protected]
- 818-770-0340
![business profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/2099/1720687720-company-avatar.jpg?twic=v1/output=image/contain=65x65)
Bright Skyline
13 Reviews
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