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Updated about 9 years ago on . Most recent reply

User Stats

1,569
Posts
184
Votes
Simmy Ahluwalia
  • Lender
  • Atlanta, GA
184
Votes |
1,569
Posts

NEW Turnkey Rental Residential Financing and Blanket Loans

Simmy Ahluwalia
  • Lender
  • Atlanta, GA
Posted

These new programs are available nationwide (except ND, SD, AK, HI, UT, RI)

SFH/Residential Loans

  • SFH, 2-4 Family, Condos, Townhomes
  • Loans from $25k to $750k
  • 30 Year Term & 30 Year Amortization
  • Minimum Property Value of $50k
  • Up to 80% LTV on Purchase
  • Up to 75% LTV on Refinance
  • Minimum FICO of 660
  • Rate Range from 6.5 to 7.8% Fixed
  • 3 Points Origination
  • Can close as Individual or LLC
  • Recourse
  • NO Tax Returns
  • NO W2 or Proof of Income
  • Domestic and Foreign Nationals

Blanket Loans

  • SFH, 2-4 Family, Condos, Townhomes, Mulfi-Family
  • 10+ Doors
  • Loans from $1M+
  • 5 & 10 Year Term with 30 Year Amortization OR Interest Only
  • Minimum Property Value of $50k
  • Up to 75% on Purchase and Refinance
  • Minimum FICO of 660
  • Minimum DSCR of 1.2x
  • Rate range from 6.5 to 7.8% Fixed
  • 3 Points Origination
  • Recourse and Non-Recourse
  • Close as LLC
  • Domestic and Foreign Nationals
  • Simmy Ahluwalia
  • Offering

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