New
Penn Financial is pleased
to introduce unique investor loan programs that
target the special needs and requirements for the serious real
estate investor.
Featured in the Wall Street Journal and other
national publications, New Penn's Real Estate Investor Loan
Products offer great flexibility and business friendly
features:
- Take cash out on existing investment properties
- Purchase new properties with multiple income and documentation
options
- Expanded debt to income ratios ("assets for income"
option)
- Purchase properties with deferred maintenance and repairs
- Borrow up to $650,000 per property
- Income sources include rental, W2 and self-employment
- You may have up to 20 other properties financed
- Minimum FICO scores down to 680
- Non-warrantable condos okay
- Self-employed okay
- Seller concessions up to 6%
- Welcome alternative to hard money lenders and conventional
financing
- Competitive interest rates (fixed and adjustable)
Call us toll-free at 1-877-347-1757 to speak
with a New Penn Investor Loan Specialist.
More Information about New Penn Real Estate Investor
Loans
Today's real estate market provides investors with a unique
opportunity to buy a property at an attractive price and enjoy
substantial returns on the investment. Low-priced distressed or
investor-owned properties provide even greater bargains, and an
ample supply of these homes has encouraged many investors to
purchase and rehabilitate foreclosures around the country.
However, the market is not without its difficulties,
particularly when it comes to securing real estate investor loans.
Investors with a strong history of investment success, significant
cash reserves and a solid credit picture might encounter rigid and
inflexible loan products when shopping at lenders nationwide.
At New Penn Financial, we work with real estate investors to
arrange the most affordable and accessible investor loans. With a
broader selection of real estate investor loans and the flexible
terms that make these mortgages more attractive to more borrowers,
New Penn Financial has the tools to help investors achieve the
financing they need for a successful investment.
The challenges of traditional financing
Investors have recognized today's foreclosure picture as a prime
opportunity to turn these distressed or investor-owned properties
into successful, burgeoning multifamily homes. At the same time,
many of these buyers have encountered difficulties when applying
for investor loans.
For example, mortgage eligibility requirements have become
ever-more stringent for both homebuyers and investors, as many
banks look to avoid the poor lending habits that led to the
economic crash. Subsequently, securing flexible conventional loans
at many lenders has become more challenging, with some lenders
limiting how much can be borrowed and restricting the type of
income investors can use to qualify for a loan.
As a result, there is a segment of the homebuying population
that remains underserved by major mortgage underwriters. While
these investors may be prepared to make the significant purchases
that can turn around local real estate markets, their inability to
secure financing holds back their progress.
What New Penn offers that others don't
At New Penn Financial, we have developed expanded consumer
offerings that reach out to this prominent audience of
investors.
You can secure real estate investor loans from New Penn
Financial that will provide you greater freedom as you pursue your
investment. Our investor loans are ideal for professionals who need
to finance multiple properties or those who want to defer the costs
of performing non-structural maintenance on a rehab property.
In addition, our real estate investor loans are ideal for the
self-employed, who often find it difficult to secure financing in a
tight lending environment. Because many of these professionals are
paid on an irregular basis, from multiple sources or with
inconsistent documentation, other banks might make it doubly
difficult for them to receive financing.
But, at New Penn, we understand the rigors of the independent
investor, and we work to find affordable and flexible mortgage
options that can allow many of these professionals to qualify for
financing using rental, self-employment or W-2 income.
Why New Penn is a national leader
New Penn Financial has received national attention for sensible
lending practices that open doors to homebuyers and investors. We
connect consumers in all walks of life with affordable loans and
specialized lending, but our wide selection of real estate investor
loans and options can make the difference for you in your property
investment.
Our real estate investor loans are for serious investors - those
who might have up to 20 other properties financed and who require
expanded debt-to-assets ratios and greater income documentation
options. Talk to a loan specialist at New Penn Financial to
determine how you can borrow up to $650,000 on an investment
property at competitive interest rates.
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