Cosigner required
Investment match of 50% of the loan amount
Proof of an outside income
All required licenses
Strongly recommended to have a completed business plan
Disqualifying Issues:
A fico score below 575
Lateness in the last 12 months on Rent or Mortgage
Currently past due on child support.
More than $3,000 in unpaid judgments, collections, liens, charge-offs, medical, etc.
Bankruptcy within the last 12 months.
Property foreclosure within the last 2 years.
More than 3 properties
Adjustable Rate Mortgages (ARM) adjusting during the term of the loan or Picka-Payment or Negative Amortization loans