Rates as low as 5.50%
First Equity Funding offers "no doc" rental loans for investors. Borrowers can fund single properties or portfolios and even keep their property in the name of an LLC!
Property Types
Single Family, 2-4 Units, Condos, Townhomes
Loan Types
Purchase, Refinance, or Cashout Refinance
Experience
None Required
Credit Score
620+
Loan Amount
$75,000 and up
Leverage
Up to 80%+ for purchase or refi, up to 75% cashout
Interest Rate
From 5.5%
Debt Coverage Ratio
0.8 to 1.25x (Negative cashflow okay)
Loan Term30 Years Fixed
