Investment Loan Program
United Mortgage Plus offers an investment loan program to those clients who are looking to purchase investment properties
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No income, no assets verification
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75% LTV Purchase 3/1 or 7/1 ARM
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Business purpose, Non-owner occupancy only
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70% LTV Rate and Term or Cash Out Refinance
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The Rent must be 1.2x mortgage payment
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Down payment and closing costs to be sources and seasoned
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$100,000 minimum loan amount
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No prepayment penalty
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