Financing for Property Investors
DSCR
This loan qualifies based on the property's cash flow, specifically its Debt Service Coverage Ratio (DSCR), rather than the investor's personal income. It's ideal for investors with multiple properties seeking to expand their portfolio without personal income verification. Typically, these loans offer a Loan-to-Value (LTV) of 75-80%.
Ground Up Construction
Provides financing for building new investment properties from the ground up. Funds are disbursed through a draw schedule, tied to construction milestones, ensuring controlled cash flow. Options often include construction-to-permanent financing, simplifying the transition to a long-term mortgage. These loans typically have specific builder requirements and offer flexibility to accommodate varying project timelines.
Fix N Flip
A short-term, asset-based financing option designed for investors who plan to renovate and quickly resell properties. These loans typically have terms ranging from 6 to 18 months and cover both the purchase price and renovation costs. They offer competitive rates for experienced flippers and are known for quick closings, allowing investors to move efficiently on opportunities.
Fix N Hold
Designed for investors implementing a buy-renovate-rent strategy. This financing supports the purchase and renovation of properties intended for long-term rental income. Unlike fix N flip loans, these offer longer terms and can often be converted to permanent financing once the property is stabilized. Qualification is based on the after-repair value (ARV) of the property.
Traditional Solutions
Conventional
A versatile option for borrowers with strong credit, offering competitive rates and fewer restrictions. Down payment options typically range from 3% to 20%, with no private mortgage insurance (PMI) required if you put down 20% or more. Borrowers usually need a credit score of 620 or higher.
Jumbo
Designed for luxury properties, Jumbo Loans finance amounts that exceed conforming loan limits, which are typically $766,550 in most areas but higher in expensive markets. These loans generally require a higher down payment, usually 10-20%, and excellent credit scores (often 700+). Lenders often look for lower debt-to-income ratios and substantial cash reserves. It's an ideal solution for buyers of high-value homes in competitive and luxury real estate markets.
Government-Backed Programs
VA
Exclusive benefits for U.S. military veterans, active-duty service members, and eligible surviving spouses. Key advantages include 0% down payment options, no private mortgage insurance (PMI) requirement, and VERY competitive interest rates. A Certificate of Eligibility (COE) is required to prove eligibility, and properties must meet specific requirements, including being owner-occupied.
USDA
A zero-down mortgage program designed for low-to-moderate income borrowers in eligible rural and some suburban areas. It offers lower rates and relaxed credit requirements. Applicants must meet specific income limits for their area, and the property must be located in an eligible rural area as defined by the USDA. This loan features reduced mortgage insurance premiums compared to other government-backed options. Eligibility for specific areas can be checked on the USDA website.
FHA
A loan program with flexible credit requirements, perfect for first-time homebuyers or those with less-than-perfect credit. It allows for a minimum down payment of just 3.5% for borrowers with a credit score of 580 or higher. Loan limits vary by county, reflecting the cost of living in different areas. FHA loans also offer more flexibility with debt-to-income (DTI) ratios, making homeownership accessible to a wider range of potential homeowners.
Specialized Solutions
Profit & Loss (P&L)
Designed for self-employed borrowers who can provide profit and loss statements instead of tax returns, offering flexible income verification for those with complex financial situations and fluctuating income.
ITIN
Specifically for borrowers with Individual Taxpayer Identification Numbers (ITINs) who may not have Social Security numbers, this loan helps non-citizens access homeownership opportunities and achieve their dreams of property ownership.
Bank Statement
Qualification based on verifiable bank deposits rather than traditional tax returns, making it ideal for self-employed or commission-based borrowers who can demonstrate consistent income through their bank accounts.
Manufactured
Specialized financing designed for manufactured and mobile homes, offering competitive rates and flexible terms to make purchasing or refinancing these types of homes more accessible for a wider range of buyers.
OTC (One Time Close Construction)
A streamlined construction-to-permanent financing option that automatically converts from a construction loan to a permanent mortgage upon project completion, eliminating the need for a second closing and saving time and costs.
Refinancing & Home Equity Solutions
HELOC
Home Equity Line Of Credit - A revolving credit line secured by home equity, offering flexibility to borrow as needed with variable rates
Cash Out Refinance
Refinancing for more than you owe and taking the difference in cash, perfect for home improvements, debt consolidation, or major purchases.
HELOAN
Home Equity Loan - A fixed-rate second mortgage that provides a lump sum based on home equity, ideal for one-time expenses with predictable payments.
Rate & Term Refinance
Refinancing to get a better interest rate or change loan terms without taking cash out, ideal for lowering monthly payments or switching from ARM to fixed rate.