November  2011

Real Estate Investors !

Buy a Rental Home for 10% Down

 1)  No Mortgage Insurance and No appraisal required.   

2)  30 year fixed rates & reasonable.

3)  Must be able to verify income for 2 years.

4)  Homes May need some Repairs. 

5)  640 + FICO Required

Special Fannie Mae Program 

Manny Bongiovanni  NMLS # 198887

Only Lending In Arizona

Call Or Email 

480-390-2123  Direct Cell

mbongiovanni@thelendingco.com

1)  Fannie Mae & Freddie Guideline Change ! 2/6/09,  has announced that it will increase the number of mortgages a Real Estate investor can have from 4 to 10.  720 minimum FICO, 75% LTV Purchases, 70& LTV Limited Cash-Out Refinance and Full Documentation income.   Read our Investor Loan Increase article here.

2)  Buying a Condo for cash or with private money?  make sure condo HOA is a warrantable property, if not, you may not be able to re-sell it easily to another. Fannie, Freddie & FHA will not lend on non warrantable condo properties.