Are you interested in acquiring additional properties?
Savvy real estate investors have been challenged to find financing for their real estate rental portfolios. If you are a proven real estate investor, and have demonstrated an ability to manage your real estate portfolio during tough economic times, Broadview Mortgage may be able to help you acquire additional properties or refinance your existing portfolio.
The minimum down payment or equity required is 15%.
Borrower may have up to 10 financed properties.
Closing costs are required.
Seller paid closing costs up to 2% for investment properties.
There can be no late payments on any mortgage in the past twelve months.
Minimum credit score of 620.
Inter-Vivos Living Trusts are allow and subject to additional guidelines.
Terms from 10 to 30 years.
Two year’s federal income tax returns are required for all borrowers. For those that have Partnership and Corporation interests, two years tax returns for these entities will also be required.
Additional reserves apply based on the number of financed properties you own.
All Broadview Portfolio loans require a loan decision by FNMA Desktop Underwriter®.
To begin a loan application or speak with a loan officer, please visit our Locations page to find a branch closest to you.