Non-Owner Occupied SFR, Condo, 2-4 Unit

Tier Loan To Value Interest Start Rates Loan Amount
1 70% 8.5% $100K-$5MM
2 70% 8.75% $100K-$5MM
3 65% 9.75% $100K-$5MM

General Guidelines

  • Purpose: Purchase and refinance transactions
  • Loan Amounts: $100k – $5MM
  • Term: 1 and 2 Year(s) Interest Only
  • Credit Score: No Minimum
  • Prepayment Premium: 1 year no prepay / 2 year 8 month prepay
  • Lender Fees: 3% + underwriting fee
  • Location Add-On: None
  • States Approved: Florida & Texas

Underwriting Guidelines

  • Funding: Within 15 days
  • Experience: No Experience = Tier 3
  • Income Verification: No Income Verification
  • Down Payment: Bank Statement only – No Seasoning
  • Reserve Requirements: Proof of 3 months post closing reserves
  • Appraisal Process: Contact your Account Executive to learn about our streamlined process and cost
  • Escrows: None
  • Foreign Investor(s): 65% Maximum LTV

*All rates, programs and pricing subject to change at any time. This rate sheet is intended for use by mortgage professionals only and is not an advertisement under section 226.24 of Regulation Z, and is not intended for use by the general public.