If you are working with a borrower looking to buy or refinance a rental property, call me now! theLender theNONI which is the best non-owner/investor loan in America.
NONI—the best non-owner loan in America
Non-owner. No income.
No reserves required!!
Par rate at 5.75% on a 5/1 ARM with a 680 FICO.
No price or rate adds for units, cash-out , condo or IO
100% Gift funds allowed. This is huge.
We often close these in 10-21 days
No income docs required at all
30 year fixed, 5/1 and 5/1 IO
FICOS as low as 620
Cash proceeds up to $2m
1X30X12 housing history OK
No Impounds required
Unlimited Financed properties allowed
Rents must be >= the payment
Most aggressive DSCR computation in industry---on an ARM qualify at start payment. On IO qualify on the IO payment. Most others use fully amortized payment
NO TRID rules
i. No CD, No LE, No GFE, No TIL. And no waiting periods.
ii. No paper 1003 and no broker disclosures required to submit
iii. No LPC rules---ability to earn income front and back
iv. No TRID cures for undisclosed fees
v. No Intent to Proceed so you can order your appraisal at any time.
I handle South Carolina and Georgia.
do NOT contact me with unsolicited services or offers