580
MIN FICO
$250,000
MIN LOAN AMOUNT
$5,000,000
MAX LOAN AMOUNT
Bank Statement
1, 12 and 24 months bank statements
Up to 95% LTV**
DTI up to 55%**
Primary, 2nd Home & Investment
Up to $5 million loan amount
Credit scores as low as 580
Investor Program with Debt Service option
Interest Only option available
Non-warrantable condos available
Lower rates than hard money
Investor – Non Hard Money
The borrower is qualified based upon the cash flows of the subject property only, regardless of the number of properties
owned by the borrower
–Asset Based Loans (NO Employment Verification, NO Income Qualification, NO DTI Calculations, NO Tax Returns or 4506 Required)
-30-Day Seasoning on Refinances
-No Sourcing or Seasoning of Funds
-Long-Term Buy & Hold Products (30-Year Amortizations)
-Interest Only or Fixed Long Term Rates
-Portfolio Loans Available
-Close in Weeks, not Months
-Up to 80% LTV on Purchases and 70% on Refi Cash-Outs
-600 Min. Credit Score
-Min. Loan Amount: $250K, Max Loan Amount: $5 million, depending on loan product
-Lower rates than hard money
Fix and Flip
Non-Owner Occupied Properties Only
Stated Income (No Income Verification)
Loan Amounts: $250,000 – $7,000,000
Max LTV 80% (Up to 100% CLTV w/ Rehab Financing)
No Minimum Fico
No Seasoning Requirements
Close in 5 to 7 Days!
Lower rates than hard money
No Income / Stated Income
Min FICO 620
No income on 1003
No ratios
Investors qualify w/ the cash flow of the subject property
Loan amounts up to $5,000,000
LTV’s up to 80%
Purchase, Cash-out and Rate / Term available
Can close as Corp / LLC
Unlimited # of financed properties
Lower rates than hard money
What is Non-Prime Lending?
Non-Prime is a term for loan types that do not fit into the restraints of government lending standards known as Prime, Agency, or A-Paper Lending and defined as Qualified Mortgages. These usually have lower rates than hard money lenders.
Commercial / Investor Residential Loans available Nationwide except for CA, OR, HI and UT
Join Out Mailing ListFor Prime, FHA, VA, USDA, Convential Loans – TransStatesMortgage.com
