FDIC-Insured - Backed by the full faith and credit of the U.S. Government
The 2-3-4 Family Investor Program is tailored toward borrowers who are looking to buy or refinance two, three or four family investment residential properties. Our 2-3-4 Family Investor Family Program is a Non-Qualified Mortgage (Non-QM) program that allows borrowers to qualify based on alternative methods, instead of the traditional income verification required for most loans. Whether your clients are a new or experienced real estate investor, flexible qualification requirements makes real estate investment opportunities available to a broader group of individuals.
Program Guidelines | Standard | Alternative |
Competitive rates | | |
Loan amounts max (per borrower) | $4 Million | $4 Million |
Personal ownership | | |
Corporate ownership | | |
Up to 40 year terms | | |
Occupancy | | |
LTV (Loan-to-Value) | | |
Minimum Global Debt Service Coverage of 1.25x | 75% Purchase or 70% Cash-Out | 70% Purchase or 65% Cash-Out |
Minimum Credit Score | 650 | 700 |
Reserves | 9 Months | 9 Months |
If you’d like to learn more, please call Empire State Bank at 866-646-0003. Or, simply speak with an Empire State Representative at Banking Center near you.