30 year fixed no restriction investor loan.

Updated: Jun 23, 2020

Essencap is a direct lender in Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

No restriction 30 year fixed program.

No tax return

No employment letter

No CPA letter

No seasonal fund requirement

30 Year Term Fixed-Rate

Rates 6.25-7.50%

Minimum $55,000 to Max $1,000,000 Loan Amount

Minimum $100,000 Value Requirement (Value to be within 2x Median Home Value for zip code)

Minimum 1.33x DSCR for Values sub-$150,000 & Minimum 1.20x DSCR for Values $150,000+

Min 680 FICO

3 or 5 Year Declining PPP (+0.25% Rate for 3 Year)

9 Months PITIA Liquidity Requirement (12 Months PITIA for Foreign National)

12 Months of Property Taxes & Insurance Escrowed at Closing

Loan to value:

Purchase: Lesser of up to 75% of the As-Is Value or Up to 75% Loan-to-Cost

Refinance: Up to 75% of the As Is Value

Cash-Out: Up to 70% of the As Is Value

Two weeks closing

For more information, www.essencap.com, wecare@essencap.com, or 888-269-1033

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Phone:       888-269-1033

Hours:        9:00 to 5:30 Monday - Friday


Email:         wecare@essencap.com

Address:    45 Middle Neck Road, Suite 220,

                    Great Neck, NY 11021

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