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Investor Cash Flow
SouthFork Funding provides the Investor Cash Flow mortgage program, which allows clients to qualify for financing based on a rental analysis that evaluates the cash flow of the property. This unique feature eliminates the need for personal income verification, making it unnecessary to submit complex tax returns or income statements.
The program relies on the debt service coverage ratio (DSCR), which calculates the projected cash flow of the property. The DSCR is utilized to assess the borrower's ability to repay the mortgage loan. By focusing on the property's cash flow rather than personal income, this program offers a simplified and efficient solution for investors seeking financing for investment properties.
Credit scores starting at 600
Up to 90% LTV, No MI
Program Highlights:
No limit on total number of properties
Borrower must own primary residence
Purchase and cash-out or rate-term refinance
40 year fixed interest only available
Non-warrantable condos allowed
Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained.
Loans up to $1.5 million, Minimum loan of $75,000
Qualification based on property cash flow − Minimum debt service coverage ratio 1.0
No DSCR needed with minimum 700 FICO and max 75% LTV
No personal income or employment information required
Short-term rentals and VRBOs ok / No condotels or hotels
Properties can be in LLC’s name
