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Income Property Mortgages
Qualified Property - One- to four-family residential non-owner occupied purchase money or refinances.
Max Loan to Value - 70% of sale price or appraised value (whichever is lower). Cash-out is at 50% loan-to-value ratio.
Loan Amount - Minimum $25,000, Maximum $100,000
Product Type - 3 Year adjustable
Amortized Term - 10 or 15 Year
Escrow Account - Not Required
Payment Options - Weekly, Bi-Weekly, or Monthly
Proof of home owner's insurance is required
Visions will not subordinate or agree to the assignment of any oil/gas/mineral rights lease to a third party.