To invest or not to invest? That is the question today’s investors surely ask themselves every day as the investment property market is in a constant state of flux.
Fortunately for you and your mortgage business, investors are leaning more toward investing in 2023. Not only because real estate appreciates in value over time and can provide greater returns in the long run, but owning an investment property today offers borrowers a chance to earn passive income and boost their monthly income with a steady stream of cash flow.
In fact, there are over 19 million rental properties in the United States today with about 70% owned by individual investors. That means now more than ever, there’s an opportunity for you to expand your borrower network and reach more investor clients.
But how can you become a go-to broker for investors? Simple – partner with a reliable lender with loan programs that can make your product set stand out.
Here are a few ways LendSure can help you tap into this segment of your mortgage business:
- DSCR Program
If you’re working with investors who have a robust portfolio of investment properties, they may benefit from a DSCR-based solution. Instead of submitting income documentation, we qualify borrowers based on the property’s Debt-Service-Coverage Ratio (DSCR) or monthly cash flow. That way we can measure whether or not the property has the ability to generate enough income to cover loan payments.
And it’s not just made for single-family investment properties, our program allows investors to finance up to 8-unit properties. With LendSure, you can close multiple loans for the same investor at the same time. No limit on the number of properties owned and can finance up to 10 properties for 1 investor.
- Full Doc Program
For borrowers who want to secure the lowest rates, but still can’t qualify for a traditional loan under conforming guidelines, this solution gives them the flexibility they require for their unique mortgage needs. The net rental loss is subtracted from the borrower’s total income vs including it as an additional debt. This calculation (seen here) results in a lower DTI and – even better – a lower interest rate. However, if the income is too difficult to calculate, borrowers can opt for our Bank Statement solution.
- Bank Statement Program
Ideal for self-employed borrowers, this alternative program allows them to submit either 12 or 24 months of personal or business bank statements to qualify for mortgage financing.
Since we consider all income sources, investors also have the option to combine W-2s with bank statements while the business expense ratio can go as low as 10%. This is particularly useful if they have unique mortgage needs.
- Foreign Nationals Program
LendSure’s Foreign National Program is specifically designed to address the unique challenges faced by foreign nationals when seeking loan funding for their investment properties or second homes. Our highly experienced team possesses extensive expertise in navigating credit and asset verification issues specific to foreign nationals. You can watch this loan scenario to learn how LendSure will guide you through the complex process to ensure that loans are funded on time and with minimum hassle.
Ask any investor – qualifying for a mortgage with a traditional lender is difficult, time-consuming, and way too demanding for an already stressful process. That’s why we’ve designed these Non-QM loan programs to make it easier for investors to secure funding no matter where they fall on the borrower spectrum.
With faster approvals (usually within 24 hours!) and better terms (interest-only payments), LendSure can ensure you and your investor clients will thrive in today’s real estate market.
The LendSure Way
It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers and ratios, and data to consider, but we know that behind every file, there’s an individual with unique circumstances seeking a loan.
We work hard to offer our commonsense take on lending to borrowers seeking funding for the home of their dreams, another addition to their investment property portfolio, or refinancing of a currently owned property.
Are you ready to grow your business? Conforming loan approval guidelines can be restrictive, but we want to offer our mortgage broker partners the education, tools, support, and guidance they need in order to say “yes” to more of their clients. This ensures happy borrowers and opportunities for bottom-line growth. What are you waiting for? Let’s get started!
Are you ready to benefit from a commonsense approach to lending? Contact us today to learn more about non-QM loans and how partnering with LendSure Mortgage Corp. can help grow your bottom line.