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10% Down Investment Property |
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Detached or Attached, Condo's & PUD's There are
new guidelines which have improved, NOW ONLY 5% DOWN!
WE NOW OFFER 2 DIFFERENT 10% DOWN RENTAL PROGRAMS We also have a 5% Down for rental property!!! Loan Amounts to $300,000 (Sales price up to $333,334) Full or Alt Doc Purchase or Refinance to 90% of Value... Up to 4 or No Limit to The Number of Properties Owned, depends... May finance
up to 4 properties or a total of $2,000,000...
Reserves required... Up to 2% or 3% seller help towards closing costs, based on loan program... Mortgage Insurance is required... Full payment
on subject property may be counted as debt...lease
Also ask about our 50% Debt Ratio, our 75% + 15% PiggyBack with no Mortgage Insurance, and our Rental Income Offset Option programs... For general program information or loan scenarios please call us locally 410-643-8757 or toll free 888-643-3659; or send an e-mail ...prior to writing the contract... Rates and guidelines subject to change without notice. There is no guarantee that all loans meeting the above criteria will be approved. Over 4 units see our Commercial page, they are a totally different program. If you are outside of Maryland, please click here, select your state and check with the lenders licensed in your state. |