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Multiple Property Loans

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Fixed and adjustable-rate, fully amortizing, conventional conforming and high balance first lien mortgage loan program specifically designed for borrowers with 7 to 10 financed properties.

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Loan Amounts $75,000 and may go up to (depending on the county):

$1,089,300 (1-unit)

$1,394,775 (2-unit)

$1,685,850 (3-unit)

$2,095,200 (4-unit)

Click here to see your max county limit

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Minimum credit score 720. If there is more than one borrower, we will use the lowest middle score among all borrowers.

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Single Family Home

Condominium

2-4 Unit Properties

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Why Multiple Property Program?

 

This 30 Year Fixed/15 Year Fixed program is only utilized if you owned more than 6 financed properties (not including commercial property). You can hold between 7-10 financed properties in total. You would only be purchasing or refinancing an investment property or second home. If you are refinancing your primary residence, it does not matter how many financed properties you have. You can apply for the Conforming financing without adhering to the stricter multiple property program.

 

Tips

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Home Purchase

 

Down Payments

Minimum Down Payments are the following:

Second Home

Investment Property

 

Mortgage Insurance

Mortgage Insurance will be required on any loan over 80% loan to value.

 

Qualifications

Debt-to-Income ratios can go up to 50%.  This will depend on your loan scenario specifically.

Reserves are important to note on this loan program as it requires more reserves than other loan programs. Minimum reserves of eight months of the monthly payment on each additional second home and/or 1- to 4-unit investment property that is financed and on which the borrower is obligated.[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row_content” content_placement=”middle” parallax=”content-moving-fade” parallax_image=”3454″][vc_column width=”1/2″ css=”.vc_custom_1572845174384{background-color: rgba(255,255,255,0.95) !important;*background-color: rgb(255,255,255) !important;}”][vc_column_text css=”.vc_custom_1585994050481{padding-top: 3% !important;padding-right: 8% !important;padding-bottom: 5% !important;padding-left: 8% !important;}”]

Refinance Your Home

 

Loan to Value

Refinances have the following limitations:

Second Home

Investment Property

 

Cash-Out

Cash-out is available on this program, the parameters are:

Second Home

Investment Property

 

Qualifications

Debt-to-Income ratios can go up to 50%.  This will depend on your loan scenario specifically.

Reserves are important to note on this loan program as it requires more reserves than other loan programs. Minimum reserves of eight months of the monthly payment on each additional second home and/or 1- to 4-unit investment property that is financed and on which the borrower is obligated.[/vc_column_text][/vc_column][vc_column width=”1/2″][/vc_column][/vc_row]