EXPERIENCED REAL ESTATE INVESTORS QUALIFY WITH NO INCOME OR EMPLOYMENT VERIFICATION
Available for purchases, rate and term refinances and even cash out refinances
Most investment property mortgages are similar to mortgages for primary residences, a home the borrower is going to occupy. Borrowers for both usually need to provide 2 years of tax returns, pay stubs and a full checklist of mortgage documentation. Thankfully that isn’t the case with this investment property mortgage.
Experienced real estate investors* can now qualify for a purchase or Cash out refinance without:
- Employment
- Tax returns (4506-t)
- DTI calculations
The underwriting method used for qualifying the forward is called a debt service ratio qualification.
So long as the gross rental income from the rental property covers the mortgage payment 1 to 1. And by mortgage payment we mean the principal, interest, taxes, insurance and in some cases association dues.
*Experienced real estate investors are individuals that have owned and managed an investment property for at least 6 months in the past.*
