Texas Stated Texas Investor Mortgage Lenders-Based On Rental Property Income!
Our Stated Texas Investor Cash Flow mortgage lenders allow you to qualify for investment property based on rental analysis to determine property cash flow. No personal income required to qualify. This saves you from submitting complicated income statements and tax returns.
TEXAS CASH FLOW MORTGAGE LENDERS USE PROJECTED INCOME TO MORTGAGE QUALIFY!
- Texas Investor Cashflow based on rent comparables with 20% down.
- No personal income used to qualify
- Qualification based on property cash flow
- 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- No DTI restrictions
- Must own a home.
- 1-4 units and condos
- No limit on the number of properties financed
- Texas Investor Loans up to $2 million
- Seller concessions to 2%
A few reasons Texas Investor s like this stated income loan program:
- Borrow up to 80% of the Texas home value.
- Credit scores down to 580
- No employment or income documentation required
- Loan amounts up to $5,000,000
- No Personal Income Documentation Required!
Texas Investor Stated Income Cash Flow Mortgage Requirements
Rather than being based on income and employment documentation, with this unique program qualification is based on what the cash flow determined by the property appraiser. If the comparable rents cover the new mortgage your loan will fund!
- The (DSCR) or (Debt Service Coverage Ratio = DCR) of the subject property you are purchasing is used to calculate the funds that can be used to qualify as follows:
- DSCR must be greater than or equal to 1. (After your downpayment the gross comparable property rent must be greater than the new mortgage payment including principal, interest, taxes, insurance, and HOA.
- DSCR is defined as gross rents divided by qualifying PITIA and HOA. 100% of the rents can be used.
- For a mortgage purchase, the amount used for rent will be the lesser of market rental price (per an appraisal) or current rental agreement in place.
- For the Texas Investor cash flow mortgage refinances the amount will be the lesser of market rental price (per an appraisal) or current rental price. Leases for the previous 12 months must be provided.
TEXAS STATED INCOME MORTGAGE PAGES OF INTEREST
10%DOWN –TEXAS STATED INCOME MORTGAGE LENDERS
6 TEXAS STATED INCOME MORTGAGE LENDERS PROGRAMS. 6 TEXAS STATED INCOME MORTGAGE LENDERS PROGRAMS. 24 MONTHS PERSONAL BANK STATEMENT ONLY TEXAS MORTGAGE LENDERS. Use 100% of the deposits. Must provide 2 months business bank statements to verify where deposits come from. NO more than 6 NSF in the last 12 months.
STATED INCOME TEXAS MORTGAGE LENDERS-SERVING STATED INCOME TEXAS MORTGAGE LOANS EVERY CITY IN TEXAS INCLUDING Houston city in Texas. San Antonio. Dallas.Austin, capital of Texas.Fort Worth.
10%DOWN+TEXAS BANK STATEMENT MORTGAGE LENDERS PORTFOLIO MORTGAGE LENDERS. 10%DOWN+BANK STATEMENT TX MORTGAGE LENDERS. Texas-Bank Statement Only Jumbo Mortgage Lenders
20% DOWN – STATED FLORIDA INVESTOR LOANS. 20% DOWN – STATED FLORIDA INVESTOR LOANS. Investor Stated Income Florida Mortgage Lenders. Florida mortgage lenders is excited to announce a change in our Investor Cash Flow Program
