Purchase/cash out refinance loan enable investors to purchase, refinance properties, refinance rental properties or rental porfolio properties.
Doitvel Funding provides Two Cash out refinance guidelines.
-
Purchase/Cash out is for any investors who want to purchase or have a free and clear investment property
-
Rental Cash out refinance on the other hand, is for any investors who want to refinance rental investment properties or rental portfolio.
Foreign investors are welcome.
Term: 13 month
Rate: 10%+
LTV: 50% purchase
FICO: No minimum
Typical Property: 1-4 residential non-owner property
Lien Position: First lien
Min Loan: $15,000
Maximum Loan: $5,000,000
Down Payment: 20% purchase/ refinance 0%
Lender points: 2% to 5%
Location: Nationwide Except:
Collateral: Cross-collateralization
Purchase/cash out refinance Guidelines