Innovative Financing Solutions for Today’s Property Investors
LendSure Expanded Investor
At LendSure, we understand the unique needs and challenges of property investors. That’s why we offer innovative solutions and common-sense underwriting designed to provide them with more options, great rates, and a smooth funding experiences.
- Unique rental income calculation resulting in lower DTIs and better rates (ask for a demonstration)
- Loan amounts up to $1,000,000
- Full Doc, Bank Statement, DSCR, Stated-Income and No-Ratio Loan options
- Industry-leading funding times
- Up to 10 loans for any one investor
- DTIs up to 50%
- Non-owner, non-warrantable condos permitted
- Highly competitive pricing for lower LTV loans
- Rate buy-down feature available
Stated, self-employed & wage earner (not for first time investors)
LLC with personal guarantee. US citizens or Permanent Resident Aliens.
Debt Service Coverage Ratio
= Lower of Gross Rent lease or Form 1007/216 divided by PITIA
DSCR ≥ 1.15x for LTV ≥ 70%
No Ratio for LTV < 70% (Minimum FICO 640)
Rental Income Verification
Purchase: Market rents FNMA form 1007 for SFR & FNMA 216 for multi-units
Refinance: Market rents or lease with cancelled checks for 3 months
Maximum Cash Out
$500,000. Must be used for business purpose
Non-Owner Occupied. Certification of intent not to occupy is required.
$1,000,000 ≤ 75% LTV
$750,000 ≤ 80% LTV
Larger loan sizes case by case basis.
6 months PITIA
12 months PITI for borrowers owning more than 2 additional financed properties
Credit Event Seasoning
Bankruptcy, Foreclosure, Short Sale, Loan Modification: 36 Months
Sourced and Seasoned 60 days. No Gift Funds.
30-Year Amortized & Term – 5/1 or 7/1 Hybrid ARM or 30-Yr Fixed
All Loans require impounding for Taxes & Insurance
Index & Adjustment Caps
Margin: 6.95% Index: 1-Year LIBOR Floor: Start Rate
3.0% Initial Change Cap / 2.0% Annual Cap / 6.0% Life Cap
Higher of Note Rate or Fully Indexed Rate
Minimum Tradelines: 3 tradelines, at least 2 active
Tradeline History: 5 years
SFR / Condos / PUD / Townhome / 2-4 Unit.
No Texas properties > 10 acres.
Case by case basis
Prepay Penalty (Investor Only)
36 months Prepay, except in New Jersey