1-4 UNIT INVESTOR PROGRAM
Loan Amount $100k - $2M
Terms 5-Year ARM/30–Year Fixed
Amortization 15, 25, 30
Max LTV <$500k: 75%/>$500: 70%
Min DSCR 1.0x1
Stabilization SFR/Duplexes- 100%/Triplexes- 66.67%/4-Plexes-75%
UW Method Property DSCR
Pre-Payment Fee 5% for 5 years/Declining 3%, 2%, 1%
Declining 5%, 4%, 3%, 2%, 1%
Documentation No tax returns required. Leases if using actual rents.
Eligible Properties 1-4 Attached/Detached, PUD, Single Family, Townhome.
1Debt service requirement is based on borrower’s FICO score and may be higher than figures shown
6+ months of liquid financial reserves measured by number of months of the qualifying
Principal and interest payment of the subject property for all purchases, cash-out and rate/term transactions.
0.375% = 1 point cost
WSJ Prime Index plus margin on note date. Initial Reset and Annual Adjust cap 2%.
Life Cap: Initial rate +6%. Life Floor: Initial rate