(240) 474-9774
RENTAL LOAN PROGRAM
QUALIFICATION
• 660 Minimum FICO Score (Short Term)
• 620 Minimum FICO Score (Long Term)
• 6 Months of Cash Reserves
• No Derogatory Public Records in the Past 2 Years
LOAN TERMS
• $100,000 Minimum Property Value
• 30 Year Fixed Loan Term
• Hybrid Arms (5/1, 7/1, 10/1)
• 5 & 10 Year Interest-Only
• 0 to 5 Year Prepayment Options Available
• No Termination Fee
• Starting Rate 7.30% (Short-Term)
• Starting Rate 6.25% (Long-Term)
REQUIRED DOCUMENTATION
• Loan Application
• 3 Months of Bank Statements
• Corporate Documents
MAX LEVERAGE FICO Max at the As-Is Value (Short-Term)
Purchase: 700+ Up to 75% of the As-is Value
Purchase: 680-699 Up to 70% of the As-is Value
Purchase: 660-679 Up to 65% of the As-is Value
MAX LEVERAGE FICO Max of the As-Is Value (Long-Term)
Purchase: 700+ Up to 80% of the As-is Value
Purchase: 680-699 Up to 75% of the As-Is Value
Purchase: 660-679 Up to 70% of the As-is Value
Purchase: 640-659 Up to 65% of the As-is Value
Purchase: 620-639 Up to 55% of the As-is Value
APPLY TODAY!!!
SHORT TERM ELIGIBLE PROPERTIES
• 1-4 Family + Multi-Family Real Estate
• Condos
• Townhomes
• Planned Unit Development (PUD) (Long Term Only)
Pricing
FEES
• $25 Credit Check
• Cost of an Appraisal
• $995 Legal Fee at Closing
• Points at Closing
MAX LEVERAGE FICO Maximum Loan-to Cost (Short-Term)
Purchase: 700+ Up to 75% Loan-to-Cost
Purchase: 680-699 Up to 70% Loan-to-Coste
Purchase: 660-679 Up to 65% Loan-to-Cost
MAX LEVERAGE FICO Maximum Loan-to Cost (Long-Term)
Purchase: 700+ Up to 80% Loan-to-Cost
Purchase: 680-699 Up to 80% Loan-to-Cost
Purchase: 660-679 Up to 70% Loan-to-Cost
Purchase: 640-659 Up to 65% Loan-to-Cost
Purchase: 620-639 Up to 55% Loan-to-Cost