Borrowers who invest in properties are likely to continue finding ways to expand their property portfolio. By maintaining a partnership with clients who consistently seek investment property loan opportunities, brokers can enjoy a growth in business and referrals. LendSure is dedicated to being a reliable lender who empowers you with the ability to provide clients with highly competitive rates, unsurpassed funding times, great loan options, and excellent customer service.
Some of LendSure’s loan programs designed for investors are:
- Debt Service Coverage Ratio (DSCR) Program
- Target Audience: LendSure’s DSCR Program is for creditworthy borrowers with any range of experience, whether they are seasoned or purchasing their first investment property. These borrowers are focused on cashflow and want minimal documentation.
- Scenario: Sally is an experienced investor with 12 different properties throughout the city. She is focused on maximizing cashflow, and has proven her ability to repay through her perfect mortgage history on her current investment property loan portfolio. LendSure’s DSCR program provides her with the hassle-free financing she needs.
- Program Highlights:
- Loan amounts up to $1,500,000 (higher with exceptions/compensating factors)
- Cash out up to $500,000
- No limit on the number of properties owned and can finance up to 10 properties for 1 investor
- Qualify on interest-only payments – excellent for qualification and cashflow purposes, particularly with our 10-year I/O period on our 40-year term program
- DSCR calculations down to 0.75x for seasoned, qualified investors with compensating factors
- Full Documentation Program
- Target Audience: LendSure’s Full Doc Program is for those who are interested in lower rates, but whose DTI would not qualify under conventional guidelines.
- Scenario: Joe and Suzy have a primary residence but are looking to invest in a couple of homes in their neighborhood. They want the best program and the lowest rates available. LendSure’s Full Doc program calculates their debt-to-income ratio differently from Fannie and Freddie, helping them qualify for a loan on a larger investment property.
- Program Highlights:
- DTI calculations for borrowers with other rental properties done differently
- LendSure subtracts negative rents from the total income versus counting it as an additional debt
- Foreign National Program
- Target Audience: LendSure’s Foreign National Program is specifically for Foreign National borrowers looking to purchase investment properties in the United States.
- Scenario: Carlos lives in Guadalajara, Mexico, but visits Los Angeles semi-regularly, so he wants to purchase a couple of investment properties in the area. He sees Los Angeles as a profitable market to invest in. LendSure’s Foreign National Program gives him the ability to receive financing, instead of having to pay in cash, increasing the number of properties he can purchase.
- Program Highlights:
- Income verification letter from employer or CPA accepted
- No tax returns required
- Foreign credit report allowed
- Foreign assets can be used as reserves
- Bank Statement Program
- Target Audience: LendSure’s Bank Statement programs are for self-employed borrowers who want to use their bank statements to buy an investment property.
- Scenario: James is looking to purchase his first investment property in Miami, where condotels and non-warrantable condos are trending. LendSure’s Bank Statement Program caters to his unique needs as a self-employed borrower by offering great program options and commonsense underwriting.
- Program Highlights:
- 12- and 24-month programs
- Loan amounts up to $2,000,000
- You do not have to be 100% owner of the business
- Business expense ratio as low as 10%
LendSure’s investment property loan financing programs provide brokers’ investor clientele with some of the best loan solutions in the non-QM market. DSCR, Full Doc, Foreign National, and Bank Statement loans are just some of the LendSure programs that can help your borrowers expand their property portfolio, and help you grow your business. LendSure is dedicated to providing non-conforming borrowers with loan options that fit their unique needs, highly competitive rates, and exceptional customer service.