New product!!!! Program Guidelines:
1. Acreage from 5-160 acres, up to 85% LTV with no mortgage insurance, up to 75% LTV for bare land, maximum debt to income ratio 45%, Credit score needs to be 700 or higher
2. Purchase and refinances for properties that do not qualify for traditional mortgages:
Non-occupment coborrowers allowed, schedule f Income qualifies property, residence only at 30% total value, Flexibility with appraisal, cash out to buy out interest of partners/spouse
The property has to be in a rural area. Questions please ask!!!