We offer loans.
Do you own a property and are renting it out? You may not know this, but you can use projected rental income to qualify for a mortgage on a new property you’re looking to buy and lease out.
You can use the expected rental income to offset the monthly mortgage payment of the property you are buying! In fact, you can use that expected income for for an investment property or one you plan on living in.
Use lease agreement to qualify or 1007, no tax returns needed:
- Loan amounts up to $5 mil
- Non-owner occupied 1 – 4 unit properties
- Investment Property only
- Non-warrantable condos
- Min Credit 600
- Loan to value 75%
Rates:
- 5/1 ARM (rate starts @ 5.25%)
- 7/1 ARM (rate starts @ 5.375%)
- 30 years Fixed (rates starts @ 5.50%)
Bryan E.
Came to the Contrasto team to prequalify for a new house loan. We had worked with Contrasto when getting our current home.They took time to explain what we needed, ad were very helpful in suggesting where we could get additional help. They are great partners. The Contrasto team was very professional, courteous and provided excellent service to me when I was buying a new home.
Santiago T.
“My wife and I have used Patti's services on two different occasions when we purchased homes. She always provided excellent service, is very knowledgeable, very professional, and very friendly. We highly recommend her.”
Heltor H.
"Outstanding service!!! Patti and Team are amazing!! They will work hard to get you the best possible deal and ensure the entire process is completed in a timely manner. All the while explaining you the entire loan cycle step-by-step, so you never feel out of place. If you have any doubts about whom you should be working with, contact Patti and Team. You won't regret it!!"