FL, NY, MD, CA, VA, NJ,Horizon Bank, Kalamazoo MIHughes Federal Credit UnionHuntington MI 75% LTV 5 yr IO product available.

Here's a quick overview of how these transactions would look:step one - rehab lender: short term loan, 12 months usually, IO payments.

Consider an I/O ARM, like a 5/1 (with little to no pre-pay penalty). 

Is the 3% apply to I/O loans, and can they be used by investors?

First Republic - CaliforniaFulton BankGFA Federal Credit Union 10 yr draw, 10 yr repay, MAGranite State CU, NH 90-100%Great Lakes Credit Union Hanscom FCU, FloridaHSBC 70%, for premier clients only Horizon, Kalamazoo MichiganHuntington 75% LTV 5 yr IO product available.

Standard program is generally is 5-30 year term, partial-full term IO, 1.20x DCR, 30-year amortization (loan sizing), non-recourse (with carveouts), priced in the low-mid 100’s over treasuries (low 5% coupons).

Way to capitalize on the IO payments and then strike when the IO period was over! 

In order to know which DSCR ratio you will qualify for the lender will use the appraisal 1007 Rent Schedule common rent.You can also elect a 40 Year I/O Interest Only where the first 10 years is fixed Interest Only which helps the cash flow. 

They could be 12 month I/O, they could be a 30 year am with 5 year balloon.

I/O hard money with up to 12 months or 18 months terms definitely.