Property qualifies for itself and not the borrower, Examples Gross rental income/monthly PITIA (principle, interest, taxes, insurance, and Association Dues). Based on a rental analysis to determine property cash flow
- Appraisal market analysis w/rent roll
- No limit on properties you can own
- Great for investors
- No employment required
- 3 years seasoning on foreclosure, short-sales, bankruptcies, deed-in-lieu
- Property type: Residential use ONLY
- NO CONDOTELs
- Minimum $75,000