MAC Investment Company
Investors Announcement
The MAC Investment Company is committed to providing financing opportunities for credit worthy, bona fide investors. Experience investors play a key role in the housing recovery and MAC Investment Company’s continued support for investor borrowers is consistent with our mission to provide stability, liquidity, and affordability to the nations housing system.
As of march 1st investors will be allowed to have up to 10 properties financed provided they adhere to the following guidelines.
|
Transaction type |
# of units |
maximum LTV/CLTV |
Minimum credit score |
|
|
|
|
|
|
Pur chase |
1 |
75/75 |
720 |
|
Limited cash-out refinance |
1 |
70/70 |
720 |
|
|
|
|
|
|
|
|
|
|
|
Pur chase |
up to 4 |
70 |
720 |
|
Limited cash-out refinance |
up to 4 |
70 |
720 |
Along with adhering to the loan to value and credit requirements there are a few other guidelines that must be met in order to obtain financing.
*Borrower(s) cannot have any bankruptcy or foreclosures within the past seven years (no exceptions)
*Borrower(s) cannot have any delinquencies within the last 12 months on any mortgages loans.
*Borrower(s) must have 6 months reserves on any investment property and 2 months reserves on any second/vacation home.
*All rents received must be fully documented with 2 years of federal tax returns. If the property was acquired after the last tax year then a fully executed lease and documented security deposit is required.
Joseph V. Scorese
MAC Investment Company, LLC.
joe@...
www.reiaofnyc.com
Toll Free – 877-263-4881
Office – 610-351-9927
Fax - 610-351-0903
NOTE: Lender reserves the right to amend or terminate programs without prior notice. This is not a commitment to lend. MAC Investment Company is licensed by the PA Department of Banking, Equal Housing Lender.
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