PROFESSIONAL INVESTOR PROGRAM WITH FLEXIBLE OPTIONS - DSCR

QUICK FACTS

  • Loan Amounts up to $4.0 Million
  • Cash Out up to $1.0 Million
  • Interest Only Payments Available
  • Qualify on Interest Only!
  • No Limit on Number of Financed Properties
  • No Income | No Employment | No Tax Returns
  • Short Term (Air BnB) OK (with 12 months 3rd party history)
  • Qualify on Property Cash-Flow with a DSCR as low as 0.75
  • Minimal Documentation Required
  • Gift Funds Allowed

REQUIREMENTS

  • Provide Reduced Documentation for the Professional Investor
    • Minimum of 5 Owned Properties
    • 5 Years Credit Depth Reported on Credit Report
    • 3 Mortgages Reported on Credit Within Last 3 Years
    • Mortgage Histories on non-Subject Properties Not Required
  • Maximum of 8 Loans to One Borrower Funded by WesLend
  • No Delinquencies on Subject Property in Last 12 Months
  • ​Pre Payment Penalty 1, 2, 3 & 5 Year
  • Cash-out May Be Used for Reserves
  • ​One Month Reserves Required for Each Additional Financed Property​
Reducing the need for documentation is particularly important when processing loan applications for Professional Investors with many properties, as each non-subject property, as well as the investor’s primary residence, typically requires a mortgage rating. If your borrower owns 15 properties, you will be over your head in
documents before you know it. VIP Professional Investor does away with this requirement! The only mortgage rating required for approval is that on the subject property. Furthermore, there is no limit on the number of financed properties owned.

Qualifying for this cash-flow loan program is easy if the investment makes sense. We can use an interest
only payment and DSCR as low 0.75, far more generous than the industry average.  Too further simplify the approval process,  we also will not ask for job information: W-2’s, 1099’s, or tax returns.
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VIP Prime is the loan program for experienced investors with large portfolios. Other programs can’t compete
with the full list of benefits that simply makes VIP Prime the FASTER, EASIER & BETTER solution!
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