Unlock Your Real Estate Investment Potential with our New INVEST15 Loan - No Income or Employment Verification Required- Min. Loan Amount of $150,000 Are you ready to take your real estate investments to the next level? With our INVEST15 Loan Program, you can seize new opportunities without the hassle of traditional income or employment verification. At 1st Florida Lending, we specialize in investment financing, making it simpler and more accessible to secure funding for property purchases, rate/term refinancing, and cash-out refinancing. Whether you're a seasoned investor or just starting out, the program INVEST15 is designed to provide you with fast, flexible financing to grow your portfolio. Investment property loans offered by most lenders often require a higher down payment, typically between 20% to 30%. However, with our innovative INVEST15 loan program, you can start with as little as a 15% down payment, regardless of your income or employment status. More importantly, our INVEST15 Program is designed with flexibility in mind, overcoming common barriers such as property types, credit events, and citizenship status, all while being customized to meet your budget and investment goals. Key Highlights of the INVEST15 Investment Property Loan Program: Income Requirements Unlike traditional home loans, which require stable income verification, our INVEST15 investment property loans eliminate the need for income or employment documentation. You can qualify without proving income, making the process smoother and faster. Down Payment & Terms 15% down with a 30 to 40 Year Amortized & Term option. A larger down payment can reduce your interest rate and monthly payments. In some cases, a higher down payment may be necessary based on factors such as credit score and tradeline history. Credit Score A minimum credit score of 620 is typically required, but a score of 660 or higher can secure better terms and lower interest rates. Cash Reserves Prepare to have cash reserves equivalent to 3 to 6 months of mortgage payments. This ensures you have a financial cushion, adding security to your investment. Rental Income We streamline the qualification process by considering existing rental income or, if none, relying on the appraiser's estimated rental income for the area, as outlined in the 1007 form. This makes it easier to qualify for both short-term and long-term rental properties. Property Types • Our loans cover a variety of property types, including: • Single-family homes • Multi-family units (5+ dwellings) • Condos (Warrantable and Non- Warrantable) • Townhouses • Condotels • Planned Unit Developments (PUD) Credit Events Don’t let past credit issues hold you back. Our INVEST15 program is open to those who have experienced foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure. Contact your loan officer for specific details. Citizenship Requirements INVEST15 loans are available to both U.S. citizens and non-U.S. citizens, with specific conditions that may apply depending on your country of origin. Identification Requirements We accept various forms of identification, including: • Current Driver’s License • Valid Passport • ITIN Card • Current Visa • Other valid forms of ID Entity Closing Options With INVEST15, you have the flexibility to close in your personal name or through various entities, including: • LLC (Limited Liability Company): Ideal for investments due to liability protection and tax benefits. • Corporation: Provides liability protection, though tax implications can be more complex. • Partnership: Common for joint investments, with partners sharing liability unless structured as a Limited Partnership. Advantages of Getting an Investment Property Loan with 1st Florida Lending At 1st Florida Lending, we’re here to support your real estate investment journey along with the benefits and flexibility of our INVEST15 program. 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 has experience Loan Officers working with real estate investors throughout the state of Florida. 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. 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 Click Here to request a quote or contact us today at 800-655-1635 or direct at 407-300- 2558 to learn more about how our INVEST15 loan can help you achieve your investment property financing goals.