
Non-Owner Business Purpose Loan
Features:
- No income requirements
- No TRID disclosure requirements (NO LE, ITP OR CD)
- No reserve or asset requirements
- Debt Service Cover Ratio (DSCR) not required
- Wage earners or self-employed OK
Details:
- Must be non-owner occupied property 1 - 4 units
- Purchase transactions only
- $5 mil max loan amount
- $100K min loan amount
- 75% Max LTV/CLTV