New program that just came out....FYI.

Investment Purchase & Refinances

600 - 649 MINIMUM CREDIT SCORE ALLOWED – Up to 65% LTV
30 Year Fixed & 5 -10 Year Interest Only Program Also Available
75% LTV CASH OUT - 650 Credit Scores and UP
VACANT Properties OK
Interest Rates Starting at 8.74%
SFR / 2F-4F / Multi Fam / Mixed Use / Office / Retail / Warehouse / Self Storage / Automotive / Day Care / Restaurants
$75,000 - $5,000,000
Up to 75% LTV* / 90% CLTV* – AS IS ONLY
Up to 65% LTV* / 90% CLTV* with scores below 650 – AS IS ONLY

NO Payment Reserves Required
NO Income Documentation Required - NoDoc loan
NO DSCR Requirements
Minimum 1 Year Prepayment Penalty
Nationwide – NO RURAL PROPERTIES

Typically these have 5 year prepayment penalty - 5,4,3,2,1.
The buy down to 1 year is at 1% cost.

2% lender orgination fee
I usually charge 3 broker points up to $1M and 2% over $1M
I split that with the broker.

Reach out if you have questions or need help.