Texas Investment Property loans "landlord"
SOFT MONEY - YOUR LONG TERM SOLUTION FOR NON BANK QUALIFIED TRANSACTIONS
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SOFT MONEY - YOUR LONG TERM SOLUTION FOR NON BANK QUALIFIED TRANSACTIONS
THE BASICS :
Our sister site and company - DB Capital - www.Texasinvestorloan.com arranges the following:
We close the 3 of the 3 basic(the 3rd being conventional -Fannie and Freddy Mac options for investors ( Portfolio and Private-Non Bank sources)
Recent Updates and Available Loans for NON BANK QUALIFIED BORROWERS
1. 15 - 30 years loans - rates 8-11% - Soft money for investors who may not qualify with banks and mortgage companies. 75 - 80% LTV - **********VERY UNIQUE
*********THESE ARE FIXED LOANS
2. Cashout loans are ok in investments - up to 75%
3. S TATED INCOME investor loans : loan min 100k (good for larger homes, 2-4 units and small commercial - YES ALL OF THE ABOVE CAN BE STATED INCOME
3a. No Ratio - Same as stated , however the benefit is for larger homes that may not provide teh property DSCR (debt coverage ratio ) - so its a loan based on LTV and does not factor in rental income or personal income - rates still in 7's with good credit.
4. CREDIT MIN - your credit should be over 600 to be eligible for most programs, if not please have a good reason, it may still work. Yes , provide a written explanation identifying the problems on your most recent credit report.
What you need:
go our our contact page and tell us about your deal. Please summarize your property (subject property) , your credit and financial health. We will get back with you quickly.
Provide:
property address
value
loan wanted
rent and expenses
your approx credit and financial health summary
Thanks