Member Cameron
MemberForum Replies Created
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Minimum down is 25% for 5-8 Units for DSCR!
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This reply was modified 1 year, 1 month ago by Cameron.
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This reply was modified 1 year, 1 month ago by
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All Non-Qm is manual UW- max DTI 50%
<div>Fico Min- 600 ( max ltv 70% )</div><div>
</div><div><div>Late payments past 12 months- YES</div>NO SEASONING BK – NO NEED 12 Mo/ seasoning.
No Doc Loans- theNONI DSCR & Bridge – Also Asset Depletion. All can be used for investment & asset depletion does allow Primary, Secondary as well.
Non Qm jumbos – Yes up to $4 Milliom (Exception for over )
90% LTV NON-QM Jumbo- Yes up to $2 million 90% on purchases.
ITIN- Coming aoon
1099’s – Yes
Non warrantables – Yes
203k – No
Full doc non-qm * W2 only – Yes need 1 yr tax returns.
P&L unaudited – Yes no returns needed
Bridge loans – yes
Fix and flip – coming soon
Heloans- Yes
Bank Statements – Yes no returns needed
100% FHA – yes – 550+ fico 580+ manual uw
HELOC- coming soon
blankets- coming soon
Let me know what else you need !
Thanks!
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Hello Lisa,
The borrower does not specifically need apartment building ownership experience, but they do need 12 months of investor experience within the past 3 years,
but they do need management experience. 3rd party is okay.
investor experience is…. 12 months of owning & managing an investment property within the past 3 years.
Please let me know if you have any questions.
Thanks!
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i agree! have Felix call me already!
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Hello Felix,
Yes, we would need a 1:1 ratio on the 5-8 units DSCR product
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Hey Gus!
We should Run a Zoom meeting for the NEXA team & GCA Forums & go over DSCR in Full!
I got a presentation handy for just that product if you are interested.
Let me know ! if you want to run the show on 1-8 units rentals.
I got you handled & have Absolutely all the information you need to fund a successful DSCR.
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Everyone needs to watch this!
Nice Dale! Awesome job explaining how the DSCR could benefit your borrowers who can not go Full Doc.
On point 100%
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will do!
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We do Piggy Backs with this product all day long… But cannot pass the CLTV MAX…