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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z / ALL

Homexpress

Product Type: Residential 1- 4 units
Product Specialty: Alta Programs

Program Highlights

  • Business Purpose Loans and not subject to TRID
  • 100% of Rest utilized in DCR computation
  • Credit Scores down to 600
  • Can close in name of LLC
  • Loan amounts from $100,000 to 1 Million
  • 75% maximum LTV for purchase transactions
  • 70% maximum LTV for refinance transactions
  • No reserves required
  • Interest Only terms available

Borrower Qualifications

  • Borrower must be experienced property investor
  • Total borrower income not disclosed, DTI not calculated
  • Minimum Debt Ratio (DCR) 1:00
  • All rents validated by lease agreements
  • Full appraisal required, including Operating Income Statement and Comparable Rent Schedules