MAKE RESEARCHED DECISIONS  
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Investment property Financing

When investing in the B/CS area real estate its a good idea to find a realtor that meets the needs of the type of investment or income property you are searching. Do you want student rentals.

Are you looking for multi family. Do you know the rents.

Let your realtor and financing agents know your exit strategy. Is it short term or buy and hold for appreciation. Research all possibilities regarding your investment property in terms of tax strategies, management and disposal of property.

 

I Investment loans…What is your strategy?

Below is a brief summary of how to finance Texas investtment property.
1. The 3 basic sources

Bank (local) financing: (typically for short term solutions)
Private/ hard money (again, short term for rehab or quick acquisitions)
Long term financing/mortgages: (for purchase of currently occupied or move in condition properties. We use to refinance bank and private money loans)

2. common problems associated with investment property financing

Some problems you may have faced in the past for investment property loans:

No limit on number of properties
90% cashouts/ stated
seller carried 2nds to 100% CLTV
no landlord experience
no reserve requirements (lender stated you lacked proper reserves)
no job verification

3. Quick analysis of the initial financing decision:

Short term/rehab loan: you need an investment loan to acquire property to rehab
            And sell. Maybe you need a loan to secure your investment real estate
            To fix and turn into a rental.
REHAB TO RENTAL: Let us show you how to acquire with private money  or bank money. Then let us refinance your bridge loan into long term financing for Texas rental property.

Long term financing: You found a property that is ready for renters or is currently occupied by renters. You need  to be pre-approved.

Contact us at Dallas Income Property, , home of Summit Lending Group, a Texas mortgage lender, for a Free Loan Consultation! Let a Texas mortgage broker assist you in all aspects of your Texas home loan.

What we need:

loan application (1003 form)

  1. Job info, income, assets (cash, stocks, 401k)
  2. Talk with us about specific investment loan options

          
100% loans
State income and asset loans
No doc loans
Interest only
Many more

 
 


 

 
 

INVESTMENT MORTGAGES

Financing - The backbone of your real estate investment
Summit Lending is texas mortgage broker specializing in investor loans. From 0 down, to no income verification, no documentation, cashouts with no seasoning. APPLY ONLINE, for quick pre qualification.

A Texas investment loan can be used for rental property (non-owner occupied loans) 1-4 units. Investment property loans are usually a higher interest rate than an owner occupied, or non investment loan.

Texas investment property loans come with more options today than ever before. Whether your income property loan is for Purchase or refinance up to 100% financing is available. There are even interest only or option arms that are tools to increase your monthly cash flow. A single borrower can often finance and unlimited amount of properties if set up correctly. The 10 properties limit is for fannie mae. Visit our loan submission site for loan applications and investment loan scenarios.

INVESTOR LOAN PROGRAM HIGHLIGHTS:

Let us show you how to turn your rehab properties to investment and income properties with almost zero money down or out of pocket. With the use of banks and private money turn distressed investment property into income producing property