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Lease Agreement Loan | Boxwood Mortgage

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%)