Non-Conventional Buy & Hold Financing
Catalyst offers long-term financing for customers that don’t qualify for a conventional mortgage!
Many investors would like to start building their rental portfolio but have a hard time obtaining long-term financing. When it comes time to get a conventional Fannie/Freddie loan many self-employed real estate investors have a hard time qualifying. If that sounds familiar, this program is for you!
– Loan Type = 5/1 ARM
– Loan Term = 30 years
– Payment Type = Fully amortized based on a 30 year term
– No personal income documentation required
– No limit on the # of properties owned
– Minimum Loan Amount = $50,000
– Maximum LTV = 75%
– Personal DTI = Not required
– Reserves = 6 months PITIA for subject, 3 months PITIA for other financed properties
– Rental Experience = Not Required
– Bankruptcies = None in past 3 years
– Foreclosures = None in past 2 years
– Interest Rate = Ranges from 6% – 9% based on LTV and FICO
– Minimum FICO = 620
*Other restrictions apply. Please call Catalyst Funding at 832.648.3626 to discuss!