PARAMETERS
*Credit Score is not used to qualify, it is used to determine rates*
SHORT TERM
Fix & Flip
Non-Owner Occupied SFR (1-4 Units)
Acquisition, Cash-Out, Refinance, Rehab
$30k to FHA Cap
6 - 24 Months
8% - 15%
90% Purchase; 100% Rehab Not To Exceed 65% LTV; Cash-Out Refi 50%
LONG TERM
Buy & Hold
Non- Owner Occupied SFR (1-4 Units)
Rental Property
$30K to FHA Cap
30yrs Amortized with a 5yr Balloon
6.25% - 9.5%
Property Debt To Income Ratio Max 90%; As-Is LTV 80%; Loan To Purchase Price 85%