Rental Loan Products offered!

5/1,7/1,10/1 ARMS. 30 Year Fixed Rate!

Dan Cassel and the Trinity Mortgage Broker team offer Limited hurdle-flexible loan solutions designed for experienced investors with a Buy and Hold Strategy. This product line requires No Personal Income Verification and a lending decision is typically based mainly on property cash flow-DSCR. In general they like to keep this Debt Service Coverage Ratio number around 1.00-1.20-based on loan amount.

Here are a few more details:

• Seasoning-3 months to use current Appraised value.
•  No limit on number of properties
• OK to GET CASH OUT FROM EXISTING RENTAL PORTFOLIOS
• NO CASH OUT IN HAND LIMIT
• No Tax returns required / No Employment Verification required
• Lower you blended debt-consolidate higher-rate loans into a single Mortgage
• Get Cash Out from your rental properties-loans form 75k-1.5 Million +
• Minimum Fico 640
• Properties considered leased if the lease term is 9-24 months (Between Unrelated parties-ArmsLength)
• Experience-Owns Primary-Must have 1 additional property (vested as Individual or Entity)
• Experience-Rents Primary-If Purchase must own 2 properties/ If Refinance,must own 3
• Min SF sq footage requirements SFR 700 sq ft 2-4 units-400 sq ft per unit