Cash Out Refinance Or Purchase!

No Income Docs

30 Year Investor Financing

Platinum Program 

30 Year Fixed Rate – Rental Property Financing!

Interest Rates Starting At 4.5%

Loan Amounts $50,000.00 – $2,000,000.00!

Refinance Or Purchase! 


Platinum 30 Year Investor Financing Program Highlights:

– Cash Out Refinance – Up To 80% LTV (with qualifying credit)!

– Rate & Term Refinance – Up To 80% LTV (with qualifying credit)!

– Minimum 650+ Credit Score Required For Lowest LTV! 

– Interest Rates From 4.5% for well qualified borrowers!

– For Purchase Transactions – Up To 80% of As-Is Value Or 80% Purchase Price (whichever is less)!

– Portfolio/Blank Loans Available –  requires minimum 3+ properties to be included in portfolio loan (see paragraph  6 below)

– Loan Amounts from $50,000.00  –  $2,000,000.00!

– Recently Completed Renovations OK – Use Current Appraised Value After 90 Days On Title (if financed)!

– No Income Docs and No Employment Verification Required!

– Vacant Properties OK On Purchase Transactions!

– First Time Investors OK!

– Foreign Nationals OK with reduced LTV!

VACATION PROPERTY RENTAL LOANS:  See paragraph 3 below for guidelines


No credit report pull required for fast 24 hour pre-qualification!  Click Here




Funding Available NATIONWIDE, except in the following states:

Hawaii, Minnesota, Nevada, North Dakota, Oregon, South Dakota and Vermont.

Minimum Property Value:

$100,000.00 is the minimum As-Is value for all properties in all areas. 

Important Note:  All transactions must close in the name of a business entity. 




1.  Credit Score Requirement

Minimum 660+ Credit Score Required For Underwriting Approval.


2.  Borrower Qualifying Requirements:

–  Minimum credit score of 660+ required for funding approval.  Minimum of 2 credit scores required to qualify for funding approval.

–  No foreclosures, short sales or deed in lieu in past 2 years.

–  No bankruptcies in past 2 years.

–  No unpaid tax liens.  Any unpaid tax liens must be paid prior to or at closing.

–  No prior criminal convictions at any time.

–  Most recent month bank statement.

_  Documented nine (9) months reserve payments (PITIA).

–  For Purchase Transactions:  Proof of down-payment required for purchase transactions.  No seasoning of funds to close required.


3.  Vacation & Short Term Rentals Guidelines

– 660+ minimum credit score required.

– Loan amounts from $200,000.00  –  $2,000,000.00.

– 30 year financing available for refinance and purchase.

– Up to 80% LTV for purchase and rate/term refinance.

– Cash out refinance up to 75% LTV.

– No Personal DTI calculations.

– Vacant properties OK for purchase.  Requires 680+ credit score for refinance of vacant  property.


3.1  Seller Contributions Towards Buyers Closing Cost

Seller contributions of up to a maximum of $3,500.00 is allowed towards buyers non-recurring closing cost.


4.  Qualifying Types Of Properties

Single Family residences, town-homes, condo’s and 2-4 units.  Non owner-occupied only.


5.  Ownership/Seasoning On Title Requirement

–  Property Purchased With Financing:  90 days seasoning on title if property purchased with financing and has an existing mortgage balance.

–  Property Purchased With Cash:  180 days seasoning on title if property purchased with cash.


6.  Portfolio/Blanket Loans

–  We can provide portfolio loans consisting of a minimum of 3+ properties.

–  Refinance and purchase option available for portfolio loan

–  For refinances, subject properties must be currently rented.  For purchases, the subject properties can be vacant.  We will use market rent as determined by the property appraisal to determine basis for rental income.

–  Minimum property value for “each individual property” is $100,000.00.  See paragraph 7 below for minimum property value exceptions.

–  Minimum loan amount for a portfolio loan is $150,000.00.

–  Appraisal requirements are exactly the same for each individual property within a portfolio as if financing one single property.


7.   Maximum Loan To Values (LTV)  – Based On Credit Score

– up to 80% of Rate & Term Refinance

– up to 75% LTV Cash Out Refinance

– up to 85% of Purchase Price or 80% of As-Is Value


8.  Interest Rates

Interest rates range on average from a low of 5.0% to 7.99% depending on the following factors:  Credit Score, Final LTV and Debt Service Coverage Ratio (DSCR Calculation).


9.  Amortization Term

–   30 Year Fixed Rate Amortized Loan with fixed rate principal and interest payment for 30 years.

–   5/1 ARM Interest Only Payment is also available.


10.  Prepayment Penalty

Prepayment penalty of 5% for the 1st year, 4% the 2nd year, 3% the 3rd year, 2% the 4th year and 1% the 5th year.


11.  Property Requirements To Qualify for Funding Approval

  Must not be owner occupied.

  Must be less than 10 acres in size.

  Must be gross living area of minimum 750 square feet.

  Warrantable Condominiums  Allowed.


12.  Escrow For Taxes and Property Insurance

Escrow of property taxes and property hazard insurance is required.


13   9 Months PITIA Cash Reserves Required

Borrower must document a minimum of nine (9) months principal, interest, taxes, insurance and HOA (PITIA) cash reserves for funding approval.  Cash reserve requirement applies even if borrower is receiving cash out proceeds at closing.


14.  Days To Close

On average we can close in approximately 30 days or less from the time of ordering the property appraisal.

15.  Full Property Appraisal Required

Full property appraisal is required on all purchase and refinance transactions.  Appraisal fee varies by state.  On average $475.00 – $650.00.  Cost of appraisal is paid directly to 3rd party appraisal company and is due at time of full file submission.  Cost of appraisal can be higher depending on complexity of the property and/or availability of qualified appraisers in the respective local market.

16.  No Verification Of Income Or Employment Required

No verification or documentation of personal or business income is required. Personal or business income is NOT used as bases for qualifying.

17.  REQUIRED DOCUMENTATION – Must Close In Name On A Business Entity

__ Copy of valid identification (all members of business entity)

__ For Purchase Transactions:  Copy of purchase and sales agreement (all pages, signed by all parties)

__ Articles Of Organization for LLC Or Articles Of Incorporation for a Corporation

__ Operating Agreement or Corporate Charter/Bylaws

__ Copy of IRS Issued EIN Letter For Business Entity

__ Copy of last 2 months months bank statement (all pages)

__ Copy of last 2 months statements for all other assets (non real estate)

__ Copy of lease agreement(s) if applicable

__ Documentation of receipt of last 2 months rents for subject property

For Recently Renovated Properties:  Scope Of work for completed repairs OR List of repairs completed


Note:   All above terms are subject to change without prior written notice. 

Note:   Terms are subject to change. Final terms vary depending on the property and borrowing entity