A lot of Loan Officers, Real Estate Agents and borrowers have been contacting me with the same problem.

As lending guidelines change for residential investors how do you get them financed?

It is simple!

If you, one of your buyers or borrowers has more than 5 mortgages on credit I have the solution.

 

Residentail Investor Blanket Loan

 

All that is needed:

- 660 FICO score or better

- 1.25% Debt Service Coverage Ratio (DSCR)

- 3 to 6 months reserves

- Max LTV of 80% or 1.25% DSCR * Which Ever is LESS

- Max Loan amount of $1,500,000

This is a commercial loan and does not report to credit.  This means the buyer, borrower or you can then get more residential loans for additional investment properties through conventional financing.

If you have questions contact me today!

Dax Dickson

612-578-9898

 
This post has been included in Minnesota Information
Post is included in group: Hard Money

1 Comments on Residential Investor Loans (Minnesota)

MAY
31
2008
488,606 Points 1 Featured Post Outside Blog Hit Router

Mike

Very informative post, thanks for the info.

Sincerely

Tom Braatz

11:49am • #1

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Dax Dickson

Minneapolis, MN

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Your Trusted Finance

Office Phone: (612) 578-9898

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