Innovative Financing Solutions for Today’s Property Investors

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

Program Guidelines

Borrower Type

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

Occupancy

Non-Owner Occupied. Certification of intent not to occupy is required.

Loan Amounts

$1,000,000 ≤ 75% LTV
$750,000 ≤ 80% LTV
Larger loan sizes case by case basis.

$150,000 minimum.

Reserve Requirements

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

Asset Verification

Sourced and Seasoned 60 days. No Gift Funds.

Loan Terms

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

Qualifying Rate

Higher of Note Rate or Fully Indexed Rate

Credit History

Minimum Tradelines: 3 tradelines, at least 2 active
Tradeline History: 5 years

Property Types

SFR / Condos / PUD / Townhome / 2-4 Unit.
No Texas properties > 10 acres.

Deviations

Case by case basis

Prepay Penalty (Investor Only)

36 months Prepay, except in New Jersey