www31nancefactorscomwholesale 149 info31nancefactorscom FOR USE BY MORTGAGE PROFESSIONALS ONLY The foregoing is for informational purposes only and not to be distributed to any consume ID: 951533
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Call 522-2000 on Oahu or Toll-Free at 1-800-648-7136 www. nancefactors.com/wholesale • info@ nancefactors.com FOR USE BY MORTGAGE PROFESSIONALS ONLY The foregoing is for informational purposes only and not to be distributed to any consumer. This is not an offer to make a loan. The making of any loan and the terms thereof are subject to Finance Factors’ underwriting approval. All information is subject to change at any time. Rev. 05/22 NMLS #449916 Loan Parameters: • Loan amounts up to $1,000,000. For larger requests, call to discuss exceptions. • Standard portfolio ARM loans only. • Investor and DSCR LLPAs apply as well as all other applicable LLPAs. • U.S. Investors only, no foreign borrowers. • 700 Minimum FICO. • Full appraisals required. Special Guidelines: • Borrower must own their primary residence. • Minimum 6 months PITIA reserves required. • Available for properties in the state of Hawaii only. • Properties must be in good condition and readily marketable with no structural de ciencies, non-permitted structures, or construction or remodeling in progress. • Ineligible Properties: Ag-zoned, lava-zoned, condotels and properties in poor condition. • DSCR will be calculated as follows: NOI (Net Operating Income) from the Appraisal / PITIA (Principal, Interest,Taxes, Insurance and Association Dues) • Contact one of our Loan O cers for an estimate of the DSCR for your client’s property. Investor Financing based on Debt Service Coverage Ratio of the property for your savvy investor clients. No income documentation required! Minimum FICO 700 - 739 740+ Max Loan-to-Value (LTV) 65% 70% Minimum DSCR* 1.125 1.100 *DSCR = NOI / PITIA (Net Operating Income / Principal, Interest, Taxes, Insurance and Association Dues) Residential DSCR Program Up to $1,000,000 on Residential Investment Properties!