Rental Property Financing

[Kenneth Meeks]

Funding For Rental Property Owners and Investors

Purchasing or refinancing single family rental properties to hold for business purposes.

Single family, townhouses, 2-4 units.

Terms: 5-30 years, interest-only and fully amortized options available

Amounts: $50K to $1M

Up to 80% LTV

DSCR 1.2

Liquidity Requirements: 3 Month Interest Reserve Account

FICO 660 minimum median for all members owning 19.9% or more

Eligible Citizen (US citizens, Permanent Resident Aliens, Canadian Citizens with Experian FICO) Credit: Minimum 3 Credit Bureau FICO Average: 660 All members with 19.9% ownership or more must fully qualify Minimum 24 months of credit history No bankruptcies in past 4 years No foreclosures, short sales, or deed in lieu in past 3 years 2 months of bank statements, including average balances, are required Eligible Property Types: •Must be non-owner occupied •Single Family Residential •2-4 Family •Warrantable Condominiums