Home Point
Financial is excited to announce a new mortgage product that is designed to help the owners of multiple (10+) investment properties.
In addition to purchasing additional properties, this new product also allows investors to cash-out as well as restructure existing loans on the properties in order to improve cash flow. These “Non- QM” portfolio loan products are unique in each of the following ways:
- There is no limit to the number of financed properties
- The loan program does not require tax returns of any kind
- Income to qualify is based on the market rents of the property (confirmed by appraisal)
- Reserve requirements are only 6 months of the payment for that specific property not all properties
- Loans can be made to an LLC with member personal guarantee
- Maximum loan to value 80%
- Minimum credit score 680
Call or email Chad Baker to discuss your individual investment property scenario.
