We remain committed to delivering industry leading service and low turn times. However, the spread of the Coronavirus (COVID-19) may require the adjustment of underwriting timelines and closing dates. As always, we strive to exceed expectations and keep borrowers informed at every turn. If you have any questions, please reach out to your Interfirst home loan advisor.
Fannie Mae and Freddie Mac are not investing in non-owner investments due to the PSPA amendment that caps investment property at 7%, potentially impacting ~5-10% of one’s NOO business. For the first time ever, there is an investment program designed to fill this large gap in the market by offering ONE, a solution for multi-property non-owner investors.
Hear From Our CSO
- Designed for 1-to-4 unit commercial loans (Business Purpose/NOO)
- No income/Employment collected on the loan application
- No W2s, Tax Returns, etc.- Qualifies off the rental income NOT borrower income
Tired of using multiple rate sheets to price your loan? Save time by expanding your NOO product portfolio with ONE