Get your client's loan in process for just $500
Portfolio Loans now available for 1-4-unit properties
Purpose | Purchase/Cash-Out/Refinance |
Loan Size | $100K - $2MM |
Terms | 30-Year Fixed/ 30-year Amortization |
Amortization | 15, 25, 30 |
Max LTV | 85% |
Min. FICO | 620 with >1.0x DSCR |
Min. DSCR | 0.75x DSCR with 660+ FICO |
UW Method | Qualifying income based on property cash flows – no DTI test |
Documentation | No tax returns required |
Eligible Properties | 1-4-unit attached/detached, short-term rentals, PUDs |
Prepayment Penalty | 5% for 5 years | 3 years Declining 3%, 2%, 1% | 5 years Declining 5%, 4%, 3%, 2%, 1% |
I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Why do Brokers Choose Silver Hill Funding?
Top 5 Reasons
- No lender points
- Competitive solution for bank fallout
- 30-year fixed rate term available
- Borrowers can launch transaction with just a $500 deposit
- No tax returns or 4506T required during transaction
Case Study
Closed Loan in Torrance, California
Multifamily | $646,100
PROBLEM
An investor in California was looking for a cash-out refinance solution for their multifamily investment property that would not require a traditional agency DTI underwriting.
SOLUTION
Silver Hill Funding was able to meet their needs thanks to their 1-4 Plex Program, which also gives borrowers the ability to secure financing without having to provide tax returns.
