We have a new program for investors looking to purchase REO have or even for FHA fallout loans that cannot be financed conventionally. Conventional lenders have limited investors to only having four properties financed at one time. This means if you own a primary residence and three investment properties, a conventional lender will not be able to offer you a mortgage on the fourth investment property under any circumstances. By using our hard money investor loan program you will be able to purchase as many investment properties as you can reasonably sustain. The requirements of our investor hard money REO purchase program are:
• $100,000 min loan amount
• No Income Documentation Required (bank statements and other asset verification may be reviewed)
• 40% min down payment required
These loans are underwritten in a “makes sense” fashion. If you can show an ability to repay the loan then the chances are we can get you approved under this investor purchase program. This will allow you to maximize your cash and purchase more bank REO’s or other undervalued properties at a great profit.
One of the great featured about this loan program is that it is not an adjustable rate mortgage. It also has no prepayment penalty associated with it. Loan terms can be extended to 25 years.
If you have ANY Questions about our Investor Loan program in Florida please don’t hesitate to contact us immediately so we can help answer your questions.
If you have additional questions or need assistance, please call us at 305-371-8181 or toll free at 855-224-3222.