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Specialty Programs for Investors


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HRM INVESTOR REHABILITION LOAN PROGRAM

Program highlights include:

  • 20% down payment
  • No Limit on repair amounts
  • Fees for up 5 draws are included
  • Single-Family Homes
  • 30 & 15 year fixed mortgage
  • No prepayment penalty
  • The cost consultant fee may be rolled into the loan
  • Mortgage payments may be included if the property is not habitable

Non-Seasoned! CASH-OUT Refinance Loan Program

Program highlights include:

  • Borrowers who purchased an Investment Property or Second Home within the past six months are eligible for a cash-out refinance. The new loan amount can be no more than the actual documented amount of the borrower’s initial investment (Purchase Price on HUD Settlement Statement) in purchasing the property plus the financing of closing costs, prepaid fees, and points.
  • 1-unit second home or investment:
  • 70% max Loan to Value 2-4 unit second home or investment:
  • 65% max Loan to Value 720 Credit Scores
  • Required All US Citizens, Permanent Resident Aliens, and Non-Permanent Resident Aliens –(Social Security Number required, no TIN) No More Than 10 Loans per Borrower
  • Multi Property Program – UP TO 10 LOANS PER BORROWER
  • Program highlights include:
  • 25% down on Single Family for Second Homes and Investment Properties
  • 30% Down on Duplexes, Tri-Plex and 4-Plex Investment Properties –
  • Warrantable Condos and PUD Eligible
  • 720 Credit Scores Required
  • All US Citizens, Permanent Resident Aliens, and Non-Permanent Resident Aliens (Social Security Number required, no TIN)

H.A.R.P. -Home Affordable Refinance Program

Program highlights include:

  • Unlimited Loan to values available loans without Private Mortgage Insurance!
  • Owner occupied, 2nd home and investment properties 1-4 units
  • No restrictions on the number of properties financed
  • More flexibility in transference of current private mortgage insurance

 


A little more about Graham W. Parham...


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