What is the NOO DTI Loan Program?
The NOO DTI Loan program, also known as the Non-Owner Occupied Debt-to-Income Loan program, is designed for real estate investors looking to finance properties that will not be their primary residence. This program allows investors to leverage their existing rental income to qualify for a financing solution that meets their needs.
Investing in real estate properties can be a lucrative endeavor, but securing financing can be a challenge for many investors. Traditional mortgage loans often require a high credit score and a sizable down payment, making it difficult for investors to expand their real estate portfolios. The NOO DTI Loan program offers a solution by taking into account the rental income generated by the property, rather than relying solely on the borrower’s personal income.
- P/L only up to best case 80 LTV
- 1099 only up to the best case 80 LTV
- 12 months PERS or BIZ BS to best case 80
- We can do as low as a 10 % expense factor with a CPA on our 12-month BIZ bank statement program
- ITIN loans to the best case 70 LTV
- NW condo to best case 80 LTVRURAL to best case 75 LTV
- Manufactured homes to best case 65 LTV
- GIFT of equity OK
- GIFT OK- borrower must have at least 10% of their own funds in the deal
- NO FICO score and NO tradelines program to the best case 65 LTV
- 1-year SE program to 80 LTV (must have at least 2 years in the same industry)
- IF 3 FICO scores- then we do NOT need tradelines
- CONDOTEL to best case 75 LTV
- 2-4 units NOO best case to 80 LTV
- 30 YEAR I/O & 40 YEAR I/O programs
- Does not require an NMLS license for all NOO loans in 37+ states
- STR (short-term rentals) to best case 75 LTV
How Does the NOO DTI Loan Program Work?
Unlike traditional mortgage loans that focus on the borrower’s personal income and credit score, the NOO DTI Loan program evaluates the rental income of the property being financed. This innovative approach allows investors to qualify for a loan based on the property’s ability to generate income, rather than their own financial standing.
By considering the property’s rental income, investors can secure financing for properties that may not meet the requirements of traditional mortgage loans. This flexibility enables investors to take advantage of real estate investment opportunities that may have been out of reach in the past.
Why Choose the NOO DTI Loan Program by The Louie Lucero Team?
The Louie Lucero Team is a trusted name in the real estate financing industry, known for its expertise and commitment to helping investors achieve their goals. The NOO DTI Loan program offered by The Louie Lucero Team is tailored to the needs of real estate investors, providing flexible financing solutions that make it easier to grow and diversify investment portfolios.
With the NOO DTI Loan program, investors can access competitive interest rates and loan terms that are designed to maximize their returns. Whether you are a seasoned investor or new to the real estate market, The Louie Lucero Team’s team of experts will work with you to find a financing solution that meets your needs.
The NOO DTI Loan program by The Louie Lucero Team offers real estate investors a unique opportunity to secure financing for their investment properties. By taking into account the rental income generated by the property, this program provides a flexible and accessible solution for investors looking to build wealth through real estate.
If you are ready to take your real estate investment to the next level, consider the NOO DTI Loan program by The Louie Lucero Team. With their expertise and dedication to helping investors succeed, you can trust that you are in good hands. Contact The Louie Lucero Team today to learn more about how this program can benefit you and your investment goals.
Apply Now