Industry update - investment property financing
A conventional path to a non-owner-occupied purchase with as little as {{product.downMinOneUnit}} down and no mortgage insurance. It fits a narrow client profile - the fit screen below tells you in about two minutes whether a client qualifies.
Straight from the program guidelines - not hypothetical.
The whole program on one screen
Every gate that decides whether a client qualifies - one unit or two to four.
| Gate | One unit | Two to four units |
|---|---|---|
| Max LTV / CLTV | {{product.ltvMaxOneUnit}} | {{product.ltvMaxMultiUnit}} |
| Minimum down payment | {{product.downMinOneUnit}} | {{product.downMinMultiUnit}} |
| Min LTV / max down payment | {{product.ltvMin}} LTV, so no more than {{product.downMaxEligible}} down on any unit count | |
| Max DTI | {{product.dtiMaxOneUnit}} | {{product.dtiMaxMultiUnit}} |
| Minimum FICO | {{product.ficoMin}} | {{product.ficoMin}} |
| Mortgage insurance | {{product.miRequired}} | {{product.miRequired}} |
| Occupancy | Investment property, purchase only | |
| Terms | {{product.terms}} | |
| Loan amount | {{product.loanMin}} minimum, up to {{product.loanMaxRule}} of {{product.loanHardCap}} | |
Available for locks beginning {{product.lockAvailableFrom}}.
The two minute screen
Go deeper
Every gate, the counterintuitive minimum-LTV rule, worked scenarios, and what to send over on a live deal.
Questions on a live deal?