Hello!
Wanted to spotlight a Non QM loan product we offer. Non QM = Non Qualified Mortgage. It’s a family of mortgages.
Product: Investor Debt Service Coverage, also called DSCR Loans.
This documentation option is for non owner occupied investment properties.
It requires no income documentation. We use the income from the property (rental income) for the buyers income to get the loan approved.
As long as the rent from the property pays the mortgage payment that is all the income that’s needed.
Down payment as low as 10% are possible on this product.
If you think this product might be a good fit for you or someone you know, give our office a call or shoot us an email.
That’s all for today!
Thanks for reading!
Brett