Uses real estate gross rental income to qualify income

  • If monthly gross rental income covers the mortgage payment (PITIA) 1 to 1.  Your clients income qualifications are met.
  • No employment or income documentation required
  • Minimum 640 FICO
  • Can be used to finance up to 8 properties using this program
  • Must have at least 6 months of past investment real estate ownership and management experience
  • Reserves are required.  Reserves depend on LTV and number of financed properties
  • Foreign Nationals are allowed (F1 and F2 types are not allowed)
  • This is NOT a hard money mortgage
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