1st Florida Lending Corp., a registered Mortgage Lender
Orlando servicing only the State of Florida, offering over
48 loans programs including Conventional Loans, Non-
Conforming Loans, FHA Loans, VA Loans, USDA Loan,
Self-Employed Loans, Bank Statement Loans, No-Doc
Loans, Reverse Mortgage Loans, ITIN Loans, Rental
Investment Loans, to name a few and specializing in
Bank Statement Loans or “stated loans” requiring no Tax
Return verification and much more. * No broker or
lender fees are for FHA,VA, USDA and Conventional
loan types
Main Office: 2151 Consulate Dr. * Suite 8 * Orlando,
FL., 32837 * Telephone * (800)856-7097 * (800) 655-
1345 * (407) 300-2558 * Fax (877) 401-9955
* Disclaimer: All Loan programs, rates and terms can
change without notice and are subject to credit and
underwriting approval. Loan charts highlight min/max
constraints, assumptions & random scenarios only. We will
always work hard to approve your loan but there are no
guarantees of any kind expressed or implied that any loan
we be approved. Licensed in Florida Only. When Banks
Say No ! We Say YES ! ® is a registered trademark owned
by 1st Florida Lending Corp. Florida lender license #
MLD106.
© 2007 - 2023 1st Florida Lending Corp. - All rights reserved
Florida’s Top Rated Mortgage Lender
A+ BBB RATED I 48 loan programs
REAL ESTATE INVESTMENT LOANS
Investment Property Loans
Obtaining an Investment Property Loan
can help take your real estate investing
needs to the next level. Investment
property loans typically have a higher
barrier of entry and have higher interest
rates. Of all kinds of residential rental
properties, the single-family home offers
the lowest interest rate. An investment
property loan will help you purchase a
home that you can then use to rent out,
flip of sell for profit. Investment property
loans typically have a higher barrier of
entry and have higher interest rates. Of
all kinds of residential rental properties,
the single-family home offers the lowest
interest rate.
At 1st Florida Lending we offer long-term
or a short-term programs tailored to your
budget and needs. Investors and Rental
Properties Mortgage requirements are
different from that of a primary home
buyer. At 1st Florida Lending we
understand investment financing and
make it easy to obtain funding using
different sources of income to qualify for
Single Family Properties, Multiple-
Family, Condos both Warrantable and
Non-Warrantable Purchases, Rate &
Term Refinance and Cash-Out
Refinance
Program Summary
We offer long-term or a short-term
programs tailored to your budget and
needs. Investors and Rental Properties
Mortgage requirements are different
from that of a primary home buyer. At 1st
Florida Lending we understand
investment financing and make it easy to
obtain funding using different sources of
income.
You can Purchase, Refinance or Cash-
out Refinance your Investment Property
using three popular loan programs to
qualify
1.
Full Doc Conventional Loan, using
tax returns > Apply Now
2.
Stated Income Self-Employed loan,
using bank statement deposits
without income tax returns. > Learn
More
3.
Low Doc (DSCR) Rental Investment
Loan, where an appraisal company
determines the estimated rental
income based on comparable
properties in the area. We qualify
your loan based on the current rental
income or in the event their is no
rental income. We rely on the
Appraisers estimated rental income
for that area. Now anyone can
purchase or refinance rental
investment property! > Apply Now
DSCR Highlights
•
85% LTV for Purchase
•
No income or job history is required.
•
No personal income calculations are
used to qualify.
•
No limit to the number of investment
properties owned or financed.
•
Close a loan in the U.S.-based
corporation, LLC, and/or partnership.
•
Loan amounts up to $5 mil.
•
Unlimited cash out.
•
Non-Warrantable condo investments
are allowed.
•
Airbnb short-term rental income is
allowed.
•
Interest-only loan payment is
available.
•
Down to a 640-credit score.
•
First-time real estate investors
allowed.
•
No reserves are required.
•
Investment Properties Only
•
No Limit on Financed Properties
•
Gift Funds Allowed
•
Low rates
Low debt service coverage ratio
qualifications of 1.0 (qualify on the cash
flow of the property only).
What is the Difference Between a
Conventional Full Doc and Self-
Employed Investment Property
Mortgage vs a DSCR Investment
Property Mortgage ?
A.
Full Doc Conventional Investment
Loan (using tax return income) is
generally 2 points lower than a Stated
Income Self-Employed investment
property loan and 3 to 4 points lower
than a No Doc DSCR Rental
Investment Loan depending on down
payment amount, credit score,
tradelines and experience. > Apply
Now
B.
Stated Income Self-Employed
Investment loan (Also known as
self-employed bank statement loan)
rates are generally 2 points lower
than a No Doc DSCR Rental
Investment Loan depending on down
payment amount, credit score,
tradelines and experience. > Learn
More
C.
A No Doc DSCR Rental Investment
Loans: DSCR stands for Debt
Service Coverage Ratio, which
measures the property's ability to
generate enough income to cover the
mortgage payments. For this type of
loan, the property must be a non-
owner occupied rental property where
an appraisal company determines the
estimated rental income based on
comparable properties in the area.
That qualifying rental income is
considered to determine loan amount
and eligibility. > Apply Now
1st Florida Lending offers investment
property loans for those buying or
refinancing rental properties and
second homes, whether it is a:
•
Single-family home
•
Condominium
•
Planned unit development (PUD)
•
Multi-family, 1-4 unit dwelling
What is the Minimum Down Payment
for an Investment Property Loan?
Mortgage insurance is not available for
investment properties, investment
purchase loans usually require a
minimum 15% to 20% down payment.
How much cash that translates into
depends on the value of the property
you’re trying to buy.
Can You Get an FHA Loan for an
Investment Property?
No! Just like with VA, FHA loans are
intended for buyers of a primary
residence. The borrower must live in the
home for the majority of the year. After
one year of ownership, you may be able
to move out and rent the home if you
need to move or the house becomes too
small. After that point the owner may rent
out the home.
Also like a VA loan, an FHA loan can be
applied to a property with up to four units.
As long as you live in one of them, the
other three can be rented out.
Other Loan Options for Investors
We also offer alternative lending for
experienced and inexperienced real
estate investors based no-income
verification allowing you to qualify based
on your property’s cash flow and not your
income. It is an easy way to expand your
real estate holdings because it allows us
to determine your ability make payments
without needing your income.
1st Florida Lending is a leading direct
mortgage lender and not a retail broker.
When you work with us, you get
assistance personalized to you from
extremely knowledgeable loan officers
who will secure you a loan at a
competitive rate as well as transparent
throughout the lending process providing
you with excellent customer service.
As Florida’s real estate market continues
to explode, more and more investors are
capitalizing on low entry real estate
purchases. Obtaining capital from a
traditional bank will only get you so far. As
a private money lender, 1st Florida
Lending can open up your opportunity to
invest in more Florida rental properties.
Investors and Rental Properties
Purchase or Refinance Rental Property
with No Income or Employment
Verification. Anyone can purchase or
refinance rental investment property
based on rental income only. If there is
no rental income. Qualify based on the
Appraisal Estimated Rental Income.
HIGHLIGHTS
•
No income or Job verification
•
Non-Owner Occupied Only
•
Single Family Residential,Multi-family
up to
Units,Condos,Townhouses,Condotels
and Non-Warrantable Condos
•
Terms: 30-Year Amortized & Term -
5/1 or 7/1 ARM or 30-Yr Fixed
•
Minimum Loan amount $150,000 up
to $2M
•
15% to 20% Down Payment
Investment Vacation Rental Property
•
Beach or ski rentals can yield the
equivalent of a month’s long-term rent in
a week.
•
Vacation rental services can
supplement and even a few nights a
month can add up to the mortgage being
covered
•
You can use when you wish
College Investment Property
•
Almost always a demand
•
High rents because college-owned
competition charges top dollar
•
Rental market is calculated with each
individual tenant’s share compared
against dorm or college-owned apartment
rates (as opposed to one rate for entire
property)
•
The area markets itself
•
You can have property do double duty
if you buy where your children plan to
attend school
•
Rent short term during summer or off
season for orientation, summer school,
sports competitions, etc.
Long-term Investment Property
•
Steady tenants, sometimes for years,
allow you to know and trust who is caring
for your home and build equity
•
Low turnover can help you anticipate
repairs (tenants have proven they won’t
damage property, but regular upkeep will
still be necessary)
•
It can be a “passive investment.” If
management company is utilized, it can
handle all leasing, tenant interactions and
repairs.
•
Track market and sell when it’s most
advantageous
Find Out If You Qualify for an
Investment Property Loan
If you feel like it is time to take the next
step and increase your holdings, it may
be time to see if you qualify for an
investment property loan. 1st Florida
Lending is a trusted, direct leading, with a
professional, customer-focused staff
based out of Orlando Florida and
currently serving every county in Florida
Advantages of Getting an Investment
Property Loan with 1st Florida Lending
Owning an investment property lets
your money work for you. It provides
extra income, diversifies your
portfolio, increases your net worth,
and provides extra insurance against
shocks in the market. Whether you
are financing a single asset for buy
and hold or looking to refinance a
portfolio of real estate assets, 1st
Florida Lending can help. 1st Florida
Lending has experience working with
real estate investors throughout the
state of Florida.