We Offer 10 Investment Property Niches

By Jeff Jensen

Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

October 25, 2017 04:22 PM

Loan Amounts: We offer investment property loans to 2.5MM (full documentation) and up to 1.5MM (Alternative Documentation)
No prepayment Penalty (just be aware of your 6 months early payoff period)
Max Financed: We will allow up to 15 financed properties on a purchase or R&T and up to 10 financed properties on a cash out
5 Financed Properties: We can originate up to 5 financed properties for any one borrower
LLC Vesting : We allow you to vest in an LLC that is 100% owned by the borrower(s)
Interest Only: We have interest only options available!
No History of Managing - We allow rental income for the subject property with no history of managing a rental. Rental income is taken off the subject’s rental survey at 75%
Schedule E: When it comes to schedule E, we use the “old school” method of gross income – gross expenses + depreciation. We don’t substitute the IO payment on schedule E with the actual P&I payment.
Less Paperwork: For properties on Schedule E for 2 years, we take the income/expenses off the schedule and don’t require a lease agreement, HOA statement, tax statement, insurance, etc.
Departing Residence - We allow rental income for a departing residence without a lease agreement or deposit check. Income is taken off the rental survey at 75%. This can also apply to a listed property. Note, we require a 25% equity position.

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