Loan Purpose
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Purchase (Including Delayed Purchase Within 180 days without Financing)
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Rate/Term Refinance
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Cash-Out Refinance
Loan Product
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6-24 Months, Interest Only
Max Loan to Value ("LTV")
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Up to 75%
Minimum Property Value
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$100,000
Minimum Loan Amounts
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$75,000
Eligible Property Types
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Single Family Residence (SFR)
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2 to 4 Family
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5 to 8 Units
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Warrantable Condominiums (FNMA Guidelines)
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Townhomes
Mixed Use is allowed where 50% or more of the total property square footage is residential.
Maximum Loan Amounts
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$2,000,000* for Single Family
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$3,000,000* for 2-4 Family
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$3,000,000* for 5-8 Units
*Larger loan balances are only permitted on an exception basis that requires Invigorate Scenario Desk Review.
Property Locations
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Major MSA’s and secondary markets
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No Rural Properties (as designated on appraisal)
(Product not available in Alaska, North and South Dakota, Minnesota, Nevada, Delaware, Utah, Hawaii, Puerto Rico, US Virgin Islands)
Borrower Experience
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Options for New Investors (Zero Experience)
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Limited, Experienced and Institutional
Recourse
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Recourse and Non-recourse Options Available
Minimum Credit Score
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640