Quick Scenario – Step one Texas Investor Loan Application

**THE FORM BELOW IS CRITICAL IN FAST TRACKING YOUR LOAN **. These are are non conventional mortgages and bank loans(private funds that keep loans on “balance sheet” or “portfolio loans” for landlords .

*** Rental and Investment property financing submission for all non owner occupied mortgages. We ask the information many lenders miss – often a root cause of wasted time.  Rates (as of June 2020) are 4.5 – 8.5 pending credit ,ltv,property cash flow (the overall combo)

If Broker- provide contact info: (phone and email ):
Borrower Name:
Name of Entity (if you using entity,llc, other) as ownership:
Email Address of borrower) :
Have you been denied financing for any reason? (important question since many of our loans are for challenged credit and borrowers):
Please summarize the the loan (purchase,refinance, cashout, other (explain):
Purchase Price (If its a purchase, NA if refinance ):
What is as is value if refinance or cashout is requested ?
What is loan amount requested and is this flexible?
Original Purchase price and acquisition date if refinance : (you will need show closing statement for properties owned less than 1 year)
What is the property type (SFR,duplex, fourplex, apt, other) :
What is the subject property address ? ( if there are more than 1, supply a REO Schedule :
Is the Subject property rented ?
What is the rent or proposed (market ) rent?
What are annual taxes and insurance on property?
What are HOA dues – if any (annual):
What is your investor experience (briefly discuss how many deals you have purchsed in last 2 years):
How many properties do you currently own? (not including primary residence) more experience can mean better pricing:
Do you own or rent your own home?
borrowers appoximate credit score (if known) :
If you have credit issues , can you explain : (note past forclosure, BK,short sell,other) :
Do you have any mortgage lates (current or past 24 months) – please detail:
upload documents related to loan, PFS and 2 years tax returns(we are doing a full income doc loan),bank statements, survey,etc.