California Investor Mortgage Loans

We offer some of the most aggressive low downpayment investor mortgage loans available.  We can offer high LTV-Low down fianancing for a home that is going to be an investment property 1-4 units.  Generally, we need a 680 mid fico score for the high LTV-Low Down and other guidelines will apply.  Lower score usually requires larger downs (usually in 5% increments).

A few things to keep in mind.  Investor loans are considered one of the riskiest type of loans for lenders to lend on because investors are more likely to walk away from a property than some borrower who lives in the property.  Therefore, rates will be higher on these types of loans versus other loans with the same down payment, credit, and income documenation.

The higher the credit score the more options (lower down, better rates, lower loan documentation requirements) available to an investor.   The more documentation that can be provided, the better the rate.  Generally it is ideal for a decent rate to have a 680 mid credit score (720+ would be best) as a starting point for the better rate programs.

California Mortgage Loan Reserve Requirements

Another requirement for investor loans are reserve requirements.  Reserves are the amount of money left in the borrowers bank account after the transaction is completed (after down and closing costs).  In general, it is ideal to have approx 6m of princilpe and interest payments as reserves.  Some lenders can ask for this requirement for each property that the investor owns which can make qualifying harder.  We have programs where this is not a requirement.

The very best rates occur when an investor puts down 25 to 30% of the purchase price. At the very least, it usually is ideal (for a very good rate) to avoid PMI by putting down at least 20%.

When investing money into real estate, cashflow is very important to the savy investor.  Depending upon the investor's objectives short or long term.  Many of our loans have an interest only option that can lower the monthly payment.

Complete the loan application by clicking on the following link California Investor Mortgage Loans .