No income verification loans are back for investors with no minimum credit score required

If you are an investor you know the challenges of showing income on your tax return when you own investment properties. With this new product the underwriter will only look at the income the property is producing for rent. This program can be used for purchases and refinances.

This product can be used for a single rental property or 100’s of rental properties. You can also use this product to Fix & Flip homes. You do not have to have experience to use these products.

Rental property loans- 15% down payment on a purchase or you need 20% equity on a refinance. You can do either a rate and term refinance or a cash-out refinance. No min credit score required for this product. This product does offer interest only options. These loans can be used on Single Family, Condos (Non-Warrantable are acceptable), Town homes, 2-4 units, multi units 5-20 units and mixed use properties. Minimum loan size is $75,000. You are required to have an escrow for taxes and insurance. Foreign Nationals can also qualify for this loan program. Funding usually takes 2-4 weeks.

Fix & Flip loans- Depending on your experience  you could be putting down as little as 10% of the purchase price and rehab costs combined. No min. credit score required for this loan program. Min loan size is $75,000. This is an interest only product for 12 months can be extended to 18 months if needed. Maximum LTV after repairs (ARV) is 75%. Funding can be 10-14 days.

If you have any question regarding any of these products please call, text or email me. Barclay Butler. 224-420-9990, [email protected]

Barclay Butler Financial Inc. does FHA, Conv., Jumbo, VA, USDA, Portfolio, No Doc, No Ratio and Non- QM loans in CA, FL, GA, IL, NC, SC & TN. For investor loans No Doc & Fix & Flips we lend throughout the country.