Looking to Purchase a Property to Hold for as a Rental Property?
This program offers a 30-year term and rates starting at 5.99% to ensure that our customers have true long-term financing options.
Long Term
Benefits of Long Term
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Can use your home as collateral for the loan
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Fast and easy to qualify
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Pre-qualify and buy now
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Allows you flexible convert to more long term loans
Get Your Loan Started Today By Click the Button Below,
Fill Out The Application and Contact Us At 972.439.3334
Get Started Here
Long Term Real Estate Loan Criteria
Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
LTV:
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Purchase: Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
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Refinance: Up to 75% of the As Is Value
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Cash-Out: Up to 70% of the As Is Value
Term:
30 Years
Property Values:
“As Is” Appraised Value Must Be Greater Than $100k
Loan Amount:
$75k – $1M
Rates
Starting at 5.99%
Minimum FICO:
660
Property Debt-To-Income Ratio (PDTI):
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For Property Values Between $100k & $150k: Must be less than for equal to 75% of interest & scheduled principal
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For Property Values Greater Than $150k: Must be less than or equal to 85% of interest & scheduled principal
