Investment Properties
This loan program is for borrowers who own multiple investment properties and need common-sense underwriting to provide more options for your financing needs.
A New Suite of Mortgage Products
With maximum loan amounts up to $2 million, FICO scores as low as 620, and unlimited number of financed properties, the Investment product may be just what you need to finance your investment properties. Our Investment product is just one more way that we can bring you innovative solutions to the mortgage marketplace.
Loan Features
- Loan Amounts up to $2 million
- Borrowers may own an unlimited number of investment properties
- Low minimum loan amount of $100,000
- Purchase money and rate term available
- Model Home Leaseback allowed
- 6% seller contributions
- Advantageous rental income calculation resulting in lower debt-to-income ratios and better rates (ask for a demonstration)
- Full Doc, Bank Statement, Stated-Income and No-Ratio Loan Options
- Industry leading funding times
- Up to 10 loans for any one investor
- Easier to qualify with debt-to-income rations up to 50%
- Non-owner, non-warrantable condos permitted
- Highly competitive pricing
- Rate buy-down feature available
PLEASE NOTE: LOAN PRODUCTS AND THEIR GUIDELINES CAN CHANGE AT ANY TIME.
DISCLAIMER: This is not an offer to make a loan or to make a loan on any particular terms. All loan applicants must qualify under underwriting requirements and satisfy all contingencies of loan approval. Rates and terms subject to change without notice. Norcom Mortgage NMLS ID # 71655 (www.nmlsconsumeraccess.org)
