Texas Investor Loans – GUIDELINES – CRITERIA AND OPTIONS -Limited doc,stated, hard and soft money

Rental Property loan – the shortcut to funding and and understanding where rates come from.

Know your:

rent and property expenses when talking to lender. Most will want property to cash flow by 20% (DSCR)

There no income loans available which dont use personal income or property income  – great for higher value properties which may not show enough cash flow.

Rates

anything under 5% – most likely a fannie – freddy  (these are conventional loans – the Government insures these- thus the low rates

5-6 %  – most likely small – community banks (portfolio loans)

6% -8% – most likely non bank funds , can be portfolio or sold off on 2ndary market.

if your over 70% LTV , expect non bank loans in 7’s

 

There is your short cut

Source: Texas Investor Loans – GUIDELINES – CRITERIA AND OPTIONS -Limited doc,stated, hard and soft money

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