This program allows investors to qualify based on rental potential of the property. Basically, if the anticipated rent exceeds the total mortgage payment (principle, interest, taxes, insurance and dues) by 10-15%, you are good.
No personal income or tax returns are required to qualify.
The fine print..
Must put at least 20% down.
Must own a primary residence
No limit on number of properties financed
Credit scores down to 660
Rates are a bit higher than fully documented mortgages, but that is to be expected. Expect to see rates in the mid 5's to high 7's. Each scenario is different. So call us today for a quick rate quote.
Real Estate Financial is the leader in alternative mortgage products. Don't trust your goals to anyone but the best.
Visit us at www.refga.com