Real Estate Investors

  • Real Estate Investor Cash Flow Program: Mortgage Loan Solution for Real Estate Investors

No personal income used to qualify
Qualification based on property cash flow (10% above monthly mortgage payment)
2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Credit scores down to 660
Up to 80% LTV
No DTI restrictions
Must have current mortgage / own a home
1-4 units and condos
No limit on number of properties financed (up to 5 with this program)
Loans up to $1 million
Seller concessions allowed up to 2%
7/1 ARM

  • Asset Qualifier Program: Mortgage Solution for Cash-Rich Borrowers

No employment, no income, no DTI
Up to 75% LTV
5 Years seasoning foreclosure, short sale or bankruptcy
Loans up to $3 million (minimum loan $150,000)
Credit scores 700 or higher
Primary residence, purchase only
Interest only program available
5/1 ARM or 30-year fixed
Non-Warrantable condos considered
All assets must be sourced and seasoned for a minimum of 12 months
Required assets: Borrowers must have at least $500,000 in post-closing assets, recurring monthly debt multiplied by 60 months, funds to close and 6 months reserves

  • Hard Equity Loans

Only if you have applied for a Conventional loan and your loan has been denied, or you can’t get any other type of mortgage loan, then this type of loan may be attractive.  These are the “no questions asked” loans for investment properties. It does not matter if you don’t have a social security number, or if you have an open foreclosure, short sale or bankruptcy, or if you can’t show tax returns or pay stubs. The only thing that matter is the loan to value – cannot exceed 70%.

You will have to pay a high-interest until you can qualify to refinance or you sell the property. If some of the above hold true to you, you have 30% to put down, and you are willing to take a two-to-five-year loan with a high interest, then this is the loan is for you.

For information on this program contact us at 954-866-0000 or email us at Bluecastle Lending is an Equal Opportunity Lender