MULTI FAMILY PURCHASE
Real Estate Funding Solutions offers the most aggressive lending products nationwide especially when it comes to MULTI FAMILY 4+ unit. We offer niche products for non owner occupied real estate properties that generate cash flow from units.
1. What is A Multi Family Purchase mortgage?
A mortgage for a multi family purchase is usually secured by the same multi family residential property used to collateraized the loan.
2. How to purchase a multi family property?
It is always a good idea to use a down payment of 20% of the total purchase price in order to get the most competitive rates in the market.
To find more details, you can schedule a call with one of our mortgage specialists and feel free to ask us how you can purchase a multi family property with the best loan terms possible.
3. What to look for when purchasing a multi family property?
You may need to take a closer look at some of the important factors listed below, before purchasing your next multi family property.
- Demand/location
- Purchase price
- Fico score
- Debt to income ratio
- Property management (if used for investment)
Benefits:
- Residential and Commercial
- 600+ credit score
- 80% LTV on purchases
- Up to 75% LTV on refi cashouts
- NO Income and No Tax verification
- NO bank statement program available
- NO seasoning required