Investment Mortgage

Investment mortgage products are my specialty. I have developed extensive knowledge of the underwriting requirements of an investment mortgage. Email investment mortgage questions. For experienced investors, there are depreciation and expense treatment methods which improve your investment mortgage ratios. For new investors, there are investment mortgage products allowing investment in real estate with lower down payment requirements.

Investment mortgage products fall into two categories: Fannie & Freddie and our Investment Mortgage Specialty Programs.

Investment mortgage products sold to Fannie Mae or Freddie Mac require a down payment ranging from 10% to 25% with an investment mortgage fee ranging from 1.5 to 3 points. Please understand that these investment mortgage fees are imposed by Fannie and Freddie and are not charges from either your lender or your broker. However, the investment mortgage fee allows using conventional rates and loan limits. These conforming investment mortgage products are available as either fixed rate or an Investment Mortgage Arm. Even with the investment mortgage fees, these loans can be a good choice if your goals are to maximize cash flow and you plan to hold the investment property for a 3 to 5 year period. Mortgage ratios are normally 28/36, but with electronic underwriting, excellent credit and some liquid reserves, it is not uncommon to see back ratios in the middle 40s. Rental income is decreased by a 25% vacancy factor but there are underwriting methods which eliminates this issue for experienced investors.

The Investment Mortgage Specialty program (actually a growing group of loan programs) allows purchase or refinances with only 5% equity. The program allows up to 20 properties plus your home. Available up to $1,000,000 and 2-4 unit properties are acceptable. Ratios are generally 34/40

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