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Real Estate Money (All)

CHM DIRECT FUND RENTAL GUIDELINES
Creative Hard Money is your direct Lender for Rental loans!
TYPE
Non-owner-occupied 1-4 unit residential investment properties Including townhouses and warrantable condos
LOAN SIZE
As low as $75,000 up to $2Million ($2M+ considered case-by-case)
LTV
Up to 80% LTV for both purchase or Refinance ! Property debt-to-income (PDTI) cap: 90% Loan-to-purchase price (LTPP) cap: 85%
TERM
30 years Term, fixed for 30 years and fully-amortized
RATES
Starting in mid-6% range – rate based on credit score, LTV and property debt service
POINTS 4%
PREPAYMENT PENALTY
3 Years declining (3%-2%-1%)
LENDING FOOTPRINT
Nationwide (except for South Dakota & Minnesota)
No “Rural” properties – ask if you think the property might be rural and we will confirm
BORROWER CREDIT & BACKGROUND REQUIREMENTS Minimum 650 FICO
No Borrower income statements or Tax returns required
No foreclosures, bankruptcies, or short sales in past 36 months Entity or Individuals, with foreign national options
Six months of reserves at time of close
No history of financial crime/violent crime
SEASONING
No seasoning requirement for cash out!
PAYMENT RESERVE
Borrower must show 6 months of loan payments in reserves – both pur
  • do NOT contact me with unsolicited services or offers

post id: 7050507970

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