Rental Refi Long Term and Short Term Vacation NO tax returns.

[Kevin Dureiko]

Long-Term (30 yr Fixed) Rental Loan Program Guidelines:
Loan Amount: $75k-$3M
Minimum As-Is Appraised Value: $100k
Collateral: Non-owner Occupied 1-4 Family Residential Properties; Warrantable Condos; Townhomes; Planned Unit Developments (PUDs)
Term: 30 Years, Fully Amortized
Purchase: Up to 80% LTV
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 70% of the As-Is Value
Points: Vary based on loan amount
Credit Score: 620 Minimum
Programs: 30yr Fixed, 3/1, 5/1, 7/1, 10/1 ARM and Interest Only
Prepayment Penalty: 3yr or 5yr Year declining
Borrower Liquidity: 9 Months of REQUIRED PITIA Reserves