|
| |
Conventional Mortgage Programs
Here are some of the mortgage programs available at Allen Tate
Mortgage for purchasing investment property:
For more information, or if you would
like Chris Anthony to put you in touch with our mortgage professional discuss
your options, click here.
Stated
Income/Stated Asset with Interest
Only:
|
Purchase
& Rate/Term Refinance
|
|
Units
|
Occupancy
|
LTV
|
CLTV
|
HCLTV
|
Min.
Credit Score
|
|
1
|
Investment*
|
75%
|
75%
|
75%
|
700
|
Conforming Adjustable Loans:
|
Non-Owner
Occupied
|
|
Units
|
Purchase
& NCO Refinance |
Cash
Out Refinance
(No
Max on Cash Back) |
|
1
|
$417,000
|
90/90%
|
$417,000
|
85/85%
|
| 2 |
$533,850 |
90/90% |
$533,850 |
85/85% |
| 3 |
$645,300 |
75/75% |
$645,300 |
70/70% |
| 4 |
$801,950 |
75/75% |
$801,950 |
70/70% |
No Documentation Loans:
|
Investment Property Purchase & Non-Cash Out Refinance
|
|
1-2 Unit/Condo/PUD
|
LTV/CLTV* |
Minimum Credit Score |
| $500,000 |
70/na% |
660 |
| $650,000 |
60/na% |
660 |
| $650,000 |
55/na% |
620 |
| $1,100,000 |
50/na% |
660 |
|
Investment Property Cash Out Refinance
|
|
1-2 Unit/Condo/PUD
|
LTV/CLTV* |
Minimum Credit Score |
| $500,000 |
60/na% |
660 |
| $650,000 |
55/na% |
660 |
| $650,000 |
50/na% |
620 |
| $1,100,000 |
50/na% |
660 |
|
Investment
Property Maximum Cash Back:
|
LTV
Maximum |
Cash
Back |
| |
>
55% and < 60% |
$500,000 |
| |
<
55% |
No
maximum |
 
* These are just a sampling of investment loan programs. For more information on
which programs are the best fit for your specific financial situation, click
here to contact us, or fill out our Prequalification
Form.
Information courtesy of
Brad Dinkel, Senior Mortgage
Consultant
“Focusing on
Strategic Mortgage Planning and Wealth Advancement”
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