Investors can now use the cash-flow or rental income of the investment property to cover the cost of the monthly mortgage amount, including principal, interest, property taxes, homeowner insurance, and if applicable condo or homeowner association fees. While Non-Qualified and Non-Agency loan programs are constantly evolving please reference the below guidelines to assist you in determining if an Investor Cash Flow Loan Program is right for you:
No personal income used to qualify | |
No limit on number of properties financed | |
No Debt-To-Income restrictions | |
Must have housing history and own a primary home | |
2 waiting periods on a Foreclosure, Short Sale, Bankruptcy, or Deed-In-Lieu | |
Qualification based on property cash flow | |
Loans up to $1 million (minimum loan $150,000) | |
Up to 75% Loan-To-Value (including cash-out) | |
Minimum credit score: 660 | |
No employment required on application |
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