TAM LENDING...At your Service - (Erie)

Posted on: 10/06/17


ATTENTION INVESTORS! NOW LET'S GET DOWN TO BUSINESS! We have an AMAZING program that could help you increase your cash flow, or recoup some cash from a recently purchased property. The Investor program is for experienced real estate investors who are purchasing or refinancing investment properties to be held for business purposes. For investors who have a history of owning and managing residential or commercial real estate. We will finance up to 8 properties or $2M for one borrower, whichever is less. The loan qualification is determined based on a debt coverage ratio, or DCR, qualifying based on CASH FLOW from the subject property. • Employment and income NOT DISCLOSED! • DTI NOT CALCULATED!! • Loan qualification based on the cash flow of the subject property (Debt Coverage Ratio) • 4506T not required • Will finance up to 8 properties or $2M for one borrower,whichever is less • 5/1, 7/1, 10/1, 15 and 30 year fixed. Interest only available on 5/1 ARM* • Borrowers may own an unlimited number of financed properties • Credit score as low as 680 • Maximum LTV 80% • Cash out up to $2M • No ownership seasoning requirement for cash-out refinance • Loan amount up to $2M • Gift Funds / Gift of Equity allowed • Perfect loan for those who acquired investment properties paying all cash ________________________________________ (recoup some cash) or for those who used hard money loans to acquire real estate. PLUS WE HAVE many FHA,FANNIE MAE,FREDDIE MAC,AND OTHER programs to help you either Purchase a property or Refinance an existing property! • FHA * 203K loans with unlimited amount of asset allocation for any home improvement or home addition project (both full and streamline available) * 1x close construction to perm * Credit scores down to 500 (below 580 will be considered but very strict lending guidelines apply) * FHA "Back to Work" program for borrowers who have an "economic" occurrence affect their credit * FHA Flip's with day on title and for 1-4 unit properties * No cap on debt ratios (with AUS approval ONLY) * BK7 less than 2 years out and FC/short sale less than 4 years out (with document verifying extenuating circumstances) * BK13 1 day out (with 12 month on-time payment history) * $100 down HUD REO purchases • VA and USDA--no limitations * Manual underwrites down to 500 credit scores (very rare to be able to offer manual UW on these) * Jumbo loans with no limitations other than VA and USDA approval for guarantees * VA 1xclose construction to perm AND renovation loans • Conventional--Fannie/Freddie * Home Possible Renovation (Fannie Mae's version of the 203K) even available on investment properties * Mortgage insurance options / lender-paid premiums, split premiums (the FHA comparison), single-paid premiums, or monthly--also available down to 620 credit AND on investment properties * Up to 10 financed properties for investor purchases • Jumbo / Non-Conforming * Jumbo Financing down to 580 credit scores and up to 95% LTV * Jumbo Financing with only 5% down and NO mortgage insurance Easy Online Application: https://jbaker.tamlending.com/loan/apply Call 484-899-0350 or email me to get started!! Your go-to Mortgage Professional, James Baker AKA "James The Mortgage Guy"

Ad Number: 21096389