1031 Mortgage Loan Exchange Options
Real Estate Investor With 1031 Exchange Funds Wanting To Acquire More Properties
We Can Help With Our EASY No Income Investor Cash Flow Product
Crestway Mortgage Group Investor Cash Flow mortgage program allows real estate investors to qualify based on rental analysis to determine property cash flow. No personal income required to qualify. This saves you from submitting complicated income statements and tax returns.
Real estate investors needing to buy a property in a 1031 exchange can use a 1031 to avoid a taxable event from selling another property. Instead, they can relinquish the property and exchange it for an equally or higher valued property to tax defer the sale amount. Of course like all of mortgage programs always consultant your CPA, financial advisor or tax attorney regarding tax related matters.
Program Highlights
- Loans up to $1.5 million, Minimum loan of $75,000
- Qualification based on property cash flow − Minimum DSCR 1.0
- No DSCR needed with minimum 700 FICO and max 70% LTV
- No personal income / no employment needed
- Properties can be in LLC’s name
- No limit on total number of properties
- Purchase and cash-out or rate-term refinance
- Non-warrantable condos OK
- 40 year fixed interest only available
FAQ’s
Can I get a mortgage for an investment property?
Yes, utilizing our Investor Cash Flow product allows for cash flow on the property to be used to qualify for the loan. No tax returns or employment information required.
Is personal income required to qualify for an Investor Cash Flow loan?
No personal income is required to qualify. This saves you from submitting complicated income statements and tax returns.
Do real estate investment loans close faster than other mortgage loans?
Typically these loans do close quicker than others but this can vary. Contact Crestway Mortgage Group to discuss your specific loan scenario.