For investment properties!!!
Affinity Home Lending’s Investor loan/mortgage program allows you to qualify based on rental analysis to determine property cash flow. No personal income is required to qualify. This saves you from submitting complicated income statements and tax returns.
- Loans up to $1.5 million, Minimum loan of $75,000
- Qualification based on property cash flow − Minimum Debt Service Coverage Ratio, DSCR 1.0
- No DSCR needed with minimum 700 FICO and max 75% LTV
- No personal income or employment information required
- Properties can be in LLC’s name
- No limit on total number of properties
- Purchase and cash-out or rate-term refinance
- 40 year fixed interest only available
- Non-warrantable condos allowed
- Must own a primary residence for at least 12 months with zero 30 day late payments in the last 12 months to qualify.
Yes, utilizing our Investor loan/mortgage product allows for cash flow on the property to be used to qualify for the loan. No tax returns or employment information required.
Typically these loans do close quicker than others but this can vary. Contact me ( Call or text 678-920-2747 to discuss your loan scenario.