With maximum loan amounts up to $2 million, FICO scores as low as 620, and unlimited number of financed properties, the Investment product may be just what you need to finance your investment properties. Our Investment Property, or non-owner occupied programs, are just one more way that we bring innovative solutions to the mortgage marketplace.
We also offer the use of Bank Statements in lieu of tax returns for Self Employed borrowers, and can even use the Cash Flow of the property for income documentation.
Up to 85% Rate & Term Refinance
Up to 80% Cash Out Refinance
Southchase Mortgage’s Investor Cash Flow program is a great way to add to your investment Portfolio by qualifying based on property cash flow. The closing process is easier since complicated income statements and tax returns are not required. No personal income is needed, up to 80% LTV, no DTI restrictions and loans up to $1.5 million are a few highlights. Eligible borrowers may now elect a 10-year interest only period with a 40 Year term.
· Now available with a 10 Year Interest Only Period and 40 year Term!
· 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
· Up to 80% LTV · No Debt to Income restrictions
· 1-4 units and condos
· Loans up to $1.5 million
· Credit scores down to 660
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Areas served - Alabama and Florida