SMART-VEST PROGRAM

For Experienced Real investors

12 months of RE Investing experience

BENEFITS:

- No Tax Returns Needed

- Qualify using cash-flow analysis of the subject property 

- Delayed Financing available 

- 1-4 Units Non-Owner Occupied

- 20% Down

- 640 minimum FICO required

- Debt-to-Income NOT calculated

- No Pay Stubs needed

- Max Loan Amount (after down payment) = $2,000,000

- Great Hard Money Alternative with No Points, and lower rates! 

Vesting: 

- Close in an LLC, Individual, Corporation or Partnership

REFINANCE/ CASH-OUT REFINANCE

No ownership seasoning on a cash-out refinance as long as one borrower must be from the original purchase transaction of the property

- for non-owner occupied 1-4 unit properties

- Max Loan Amount = $1,500,000 

- Max Cash-in-hand = $1,000,000 

- 80% loan-to- value cash-out max

Eligible Properties:

- Attached/Detached SFR's, PUD's

- Low/Mid/High-Rise Condo's and Sit Condos (warrantable and non-warrantable)

- 2-4 Unit Properties

Non-Conforming Additions, Granny or In-law Suites and Accessory Units:

- are eligible if the property is a 1-Unit property.

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