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Borrower may use “stated income”, no debt to income ratios and no Tax Return required. No global underwrite.

Rental Home Financing

NMLS# 144773
1-888-375-7977
sales@renatlhomefinancing.com
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2014-03-04
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2014-03-04
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1-4 Family Mortgage Funding Program Details Additional Guidelines:-

Appraisal done by Street Links with average cost in the $400 to $600 range.

No application fee, no origination points.

10% additional seller financing allowed above max LTV of 70%, total CLTV of 80%.

Lender requires/impounds property tax and property insurance.
Three [3] and five [5] year fixed interest rate period followed by adjustable rate at WSJ “prime” plus Margin of four percent (4.00%).

2.00% is the maximum first adjustment, 1.00% periodic(every 6 months). 2.00% max annual adjustment and 6.00% life cap over start rate.

Loans are fully assumable to qualified borrower at lender’s discretion for 1.00% fee. New borrower must qualify for program.

Free and clear properties receive a five percent (5.00%) reduction of maximum LTV. 65% instead of 70%.

Any property listed for sale within the last six months is only eligible rate/term refinance. No Cash out available.

Prepayment penalty is 3% for 1-4 unit deals and 5% for commercial.

Borrower can pay off 20% of equity in any 12 month rolling period without triggering prepayment penalty. Example: 3 year fixed loan, a borrower can pay off 60% of principal without triggering penalty.

Pre-payment penalty can be bought down to 1 year on 3 year fixed program by adding1% to rate for each year of buydown. Borrower can buy down prepayment by 2 years max. Example, 5 year loan, max buy down leaves 3 years of prepay remaining.

Lender requires Licensed Loan Broker for NC, CA, AZ, NV, FL, OK, NY
Borrower may reduce the start rate by 0.50% for a 1.00% loan fee paid to lender. Max buydown is 1.00% reduction in rate, paying lender 2.00%. 6.49% is the minimum rate.

10% max gift allowance of total loan amount.

First time buyers max LTV 60%; First time investor(own their primary residence) max LTV 65%.

Rental Home Financing

NMLS# 144773
1-888-375-7977
sales@renatlhomefinancing.com

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Rental Blanket Mortgage Loan Lender:-

It wasn't that long ago when blanket mortgage loan financing for many rental homes was basically non-existant. We are please to announce in 2014 we have taken bulk single family home rental financing to a new level with competitive bank rates.
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Our investor program allows you to maximize your cash flow at competitive market rates. Free up your exisitng credit lines with banks and expand your business before your competition does!
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