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Details - Information last confirmed on December 1, 2020
Collateral: Non-owner Occupied 1-4 Family Residential Properties; Condos; Townhomes
Term: 30 Years
Amortization Options: 30-Year Fixed; Hybrid ARMS (3/1, 5/1, 7/1); 10-Year Interest-Only
Loan Amount: $55k-$1M
Purchase: Lesser of up to 75% of As Is Value or up to 80% Loan-to-Cost
Refinance: Up to 75% of the As Is Value
Cash-Out: Up to 70% of the As Is Value
Rate: Starting at 5.75%
Credit Score: 680 min
Prepayment Penalty: 3 Year and 5 Year Step-Down Options Available
1.25x for Property Values <$150k
1.20x for Property Values $150k+
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