Non-Owner Occupied SFR, 2-4 Units, Condos, PUD’s, and Townhomes

Loan Program: 5/1 ARM 7/1 ARM 10/1 ARM
Starting Rate: 7.49%+ 7.99%+ 8.49%+
Prepayment Penalty: 3%-2%-1% 4%-3%-2%-1% 5%-4%-3%-2%-1%

General Guidelines

  • Purpose: Purchase, Rate & Term, Refinance transactions
  • Loan Amounts: $75k – $10MM
  • Term: 30 Years Loans, fixed for 5, 7, or 10 years
  • Credit Score: 600 Minimum
  • Lender Fees: 3% + underwriting fee

  • Location Add-On: None
  • States Approved: Florida & Texas

Underwriting Guidelines

  • Funding: Within 15 days
  • Experience: Portfolio or Single Asset Loans
  • 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.