The stated income Buy and Hold Program is designed for experienced real estate investors who arepurchasing or refinancing investment properties to be held for business purposes. The loan qualification is determined based on a debt coverage ratio, or DCR, with borrowers qualifying based on cash flows from the subject property, no Tax Returns required.
|Interest Rates||As Low as 5.625%|
|LTV||Up to 80%|
|Lien Position||1st Trust Deeds Only|
|Loan Fee||starting at 1.5pts|
|Loan Amount||up to $2M ($100,000 minimum)|
|Loan Term||5/1, 7/1, 10/1, 15 and 30 year fixed. Interest only available on 5/1 ARM*|
|Closing Times||20 – 30 Days|