Multiple Property Loans

Are you a borrower that wants to refinance or purchase, but is having trouble because you already have 4 financed properties?  If this describes you then take comfort in our new mortgage that allows for up to 10 financed properties.  This mortgage will allow for purchase and/or refinancing.  Take a look at some key information on this new program:

Financing w/ Multiple (4+) Properties

  • Eligible Properties- 1 to 4 unit(s), Warrantable Condo's, PUD's
  • Max Purchase LTV's:  75% (2nd Home/Non-Owner), 75% (Owner Occ.)
  • Max Refi LTV's: 70% Rate/Term (2nd Home, Non-Owner)
  • No Cash Out transactions allowed
  • Min. Fico: 720+
  • Borrower total properties owned must not exceed 10 total.
  • Rental Income must be reported on last 2 year tax returns or qualify with payment (PITI)
  • Reserve Requirements: Must have 6 mo. reserves for subject property and for each additional mortgage. 
  • No Bankruptcy or Foreclosures allowed in previous 7 years.
  • Available Terms: 30 Year Fixed and 5/1 LIBOR ARMS

Call today or apply online and get your loan approved.  Don't let owning more than 4 properties prevent you from taking advantage of historic low rates and property prices.  Remember, if you are trying to refinance your owner occupied home we have no restrictions on the number of mortgage's you own. 

800-298-4520

 

 

Top 10 Mortgage Kills

We polled underwriters and ask one question "What is the most common issue during underwriting?"  Reading this could save you time and money.

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Our 30 Yr. Fix4.000%$0.00
Our 15 Yr. Fix3.625%$0.00
Chase 30 Yr.4.500%$0.00
Wells 30 Yr. 4.375%$0.00
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Interstate Mortgage Service, Inc.
4135 South Power, Suite 133, Mesa, AZ  85212
Toll Free:  (866) 495-4124
info@interstatemortgage.net
Copyright © 2010 Interstate Mortgage Service, Inc. NMLS#: 37053

AZ MB#0903034, CO-LMB1000025794, NM03714, MO HUD Approved, OR ML-4838, CA-CFL File No. 603.G812

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