MORTGAGE AND FINANCING  
Income /investment property funding - the most important part of your project?

Investment loans……What is your strategy?

Below is a brief summary of how to finance Texas investment property.
1. The 3 basic sources

Bank (local) financing (typically for short term solutions)
Private/ hard money (again, short term for rehab or quick acquisitions)
Long term financing/mortgages: (for purchase of currently occupied or move in condition properties. We use to refinance bank and private money loans)

2. common problems associated with investment property financing

Some problems you may have faced in the past for investment property loans:

No limit on number of properties
90% cashouts/ stated
seller carried 2nds to 100% CLTV
no landlord experience
no reserve requirements (lender stated you lacked proper reserves)
no job verification

3. Quick analysis of the initial financing decision:

Short term/rehab loan: you need an investment loan to acquire property to rehab
            And sell. Maybe you need a loan to secure your investment real estate
            To fix and turn into a rental.
REHAB TO RENTAL: Let us show you how to acquire with private money  or bank money. Then let us refinance your bridge loan into long term financing for Texas rental property.

Long term financing: You found a property that is ready for renters or is currently occupied by renters. You need  to be pre-approved.

Contact us at Dallas Income Property, , home of Summit Lending Group, a Texas mortgage lender, for a Free Loan Consultation! Let a Texas mortgage broker assist you in all aspects of your Texas home loan.

What we need:

  1. loan application (1003 form)
  2. Job info, income, assets (cash, stocks, 401k)
  3. Talk with us about specific investment loan options

          
100% loans
State income and asset loans
No doc loans
Interest only
Many more

 

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Property Types

Single family to 4 units.

 

Commercial Income properties

 

Apartment Buildings and Mixed use properties

The most common income property purchsed in Texas are multifamily and mixed use. We specifically target projects from 100k to 3 million. These are commercial mortgages , not local bank loans. Apartment building loans of this type are placed on long term (15-30 years ) vs. short term balloon notes at local banks.

 

Mobile home park financing

We   specialize in the financing for the mobile home parks  from 100,000  to the $ 1 milllion. . Interest rates are  credit driven. .  Our loan to value range from 60% to 90% depending on the loan size strength of the mobile home park.  We finance mobile home parks nationwide.  We allow seller second liens to reach combined loan to values to 90% on No income verification loans.

 

Self storage facility financing

Premier commercial  specialize in the financing for the mobile home parks  from 100,000  to the $30,000,00.  interest rates are  credit driven. .  Our loan to value range from 60% to 90% depending on the loan size strength of the mobile home park.  We finance mobile home parks nationwide.  We allow seller second liens to reach combined loan to values to 90% on No income verification loans.

Land and development lending.

We can handle acquisition of land and development. Through relationships with local banks and private lending institutions we can consult and help put a package together for loan submittal.

 

 

 

 

 

 

 

 

 

 

We are the long term solution

 

Summit Old logo

Summit Lending is texas mortgage broker specializing in investor loans. From 0 down, to no income verification, no documentation, cashouts with no seasoning. APPLY ONLINE, for quick prequalification.

A Texas investment loan can be used for rental property (non-owner occupied loans) 1-4 units. Investment property loans are usually a higher interest rate than an owner occupied, or non investment loan.

Texas investment property loans come with more options today than ever before. Whether your income property loan is for Purchase or refinance up to 100% financing is available. There are even interest only or option arms that are tools to increase your monthly cash flow. A single borrower can often finance and unlimited amount of properties if set up correctly. The 10 properties limit is for fannie mae. Visit our loan submission site for loan applications and investment loan scenarios.

INVESTOR LOAN PROGRAM HIGHLIGHTS:

Let us show you how to turn your rehab properties to investment and income properties with almost zero money down or out of pocket. With the use of banks and private money turn distressed investment property into income producing property.

 

 

 

 

 

SUMMIT LENDING

552 BROOKHURST - DALLAS,TX 75218

investments of Texas