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Nationwide Mortgage

Financing Options for Investment Property Loans

Long Term Rental Loan

Property Types SFR, 2-4 Units, Condominium
Lending Areas NATIONWIDE
Interest Rate min 6.5%
Prepayment Penalty No Prepayment Penalty, 1 year, 2 years, 3+ years, 5,4,3,2,1, 5,5,5,5,5
Credit Score Min 575
Days to Fund 31-40 Business days
Interest Rate max 12.75%
Amortized or Interest Only Amortized and Interest Only Options available
Needed Documents Application, Appraisal, Credit Report, Driver's license, Entity documents for LLC, Corp or Trust, Lease Agreements, Mortgage Statement for Subject Property, Purchase Contract, Rent Roll
Intended Occupancy v Tenant, Non-owner occupied
Special Features 40 year I/O, 40 year loan term available, Business Purpose Residential, Foreign National, Non-warrantable condos permitted
Term 30 year, 40 year
Fees Underwriting
Max Points Charge by Broker1 4
Loan amount Minimum $100,000
Entities Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Individual, Trust, Foreign Nationals
Loan amount Maximum $3,000,000
Name of Fee 3 Legal Review
Name of Fee 2 Legal Review
Lien Position 1st
Updated as of 2024-01-17

Construction Loan

Property Types SFR, 2-4 Units
Lending Areas Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Kansas, Maryland, Massachusetts, Missouri, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia
Interest Rate min 8.5%
Prepayment Penalty No Prepayment Penalty
Credit Score Min 680
Days to Fund 11-15 Business days
Recourse Recourse
Interest Rate max 13.5%
Amortized or Interest Only Interest Only
Reserve Requirement None
Intended Occupancy v Vacant, Tenant, Non-owner occupied
Term 1 year, 18 month
Fees Underwriting
Loan amount Minimum $85,000
Entities Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Taking Title Personally not permitted
Fixed or Adjustable Fixed
Lien Position 1st
Points Maximum 1st TD 2.5
Updated as of 2024-01-17

Rehab Loan

Property Types SFR, 2-4 Units, Condominium
Lending Areas Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Kansas, Maryland, Massachusetts, Missouri, New Jersey, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia
Interest Rate min 8.5%
Prepayment Penalty No Prepayment Penalty
Credit Score Min 680
Days to Fund 11-15 Business days
Recourse Recourse
Interest Rate max 13.5%
Amortized or Interest Only Interest Only
Reserve Requirement None
Needed Documents Application, Appraisal, Bank Statements, Bank Statements - Business Account - 3 month, Credit Report, Driver's license, Entity documents for LLC, Corp or Trust, Purchase Contract
Intended Occupancy v Vacant, Tenant, Non-owner occupied
Term 1 year, 18 month
Fees Underwriting
Loan amount Minimum $85,000
Entities Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Taking Title Personally not permitted
Fixed or Adjustable Fixed
Lien Position 1st
Points Maximum 1st TD 2.5
Updated as of 2024-01-17

Bridge Loan

Property Types SFR, 2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Condominium, Daycare, Funeral Home, Gas Station, Hospitality, Hotel, Industrial, Land Entitled, Land Non-Entitled, Medical Office, Memory Care, Mixed use, Mobile Home Park, Manufactured Home, Modular Home, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Residential Property, Senior Care - Low Income, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse
Lending Areas NATIONWIDE
Recourse Recourse and Non Recourse available
Amortized or Interest Only Amortized and Interest Only Options available
Intended Occupancy v Vacant, Tenant, Non-owner occupied, Owner Occupied Business
Term 1 year, 18 month, 2 year, 3 year, 4 year, 5 year, 7 year, 10 year
Entities Corp - Corporation, LLC - Limited Liability Corporation, Partnership, LP - Limited Partnership, Individual, Trust, Foreign Nationals
Cross Collateralize Blanket Yes
Lien Position 1st, 2nd
Updated as of 2024-01-17

Summary of all Guidelines

Loan Types Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Investment Property Line of Credit, Rehab Loan, Second Mortgage
Property Types 2-4 Units, Agriculture, Airbnb, Assisted Living, Automotive, Cannabis Related, Condo, Daycare, Funeral Home, Gas Station, Hospitality, Industrial, Land Entitled, Land Non-Entitled, Medical office, Mixed use, Mobile Home Park, Mobile/Manufactured Home, Modular Home, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior, SFR, Shopping Center, Special-Use, Strip Center, Warehouse
Lendding Area california, florida, washington
Loan amount Minimum $200,000
Loan amount Maximum $5,000,000
Interest Rate Minimum 8%
Interest Rate Maximum 12%
Points Minimum 1st TD 1
Points Maximum 1st TD 2.5
Terms 1 year, 1.5 years, 2 years, 3 years, 5 years, 10 years, 15 years, 30 Years
Prepayment Penalty No Prepayment Penalty, 6 months, 1 year, 3+ years
LTV Bridge 65
LTC Construction 80
Occupancy Vacant, Tenant
ARV Rehab & Construction 75
LTC Rehab 80
LTV Long Term Rental 80
Intended Occupancy Vacant, Tenant
Percentage of Budget Financed - Rehab 100
LTC Percentage of Budget Financed 100
NMLS ID 32417
License Number CA DRE 01247594, FL Mtg Brkr #MBR2347, WA Mtg Brkr #MB-32417

Nationwide Mortgage is located in San Jose, CA. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans, Investment property Line of Credit, Commercial Loans, DSCR Loans, Rehab Loans and Second Mortgages. The property type they primarily lend against is SFR, 2-4 Units, Agriculture, Assisted Living, Automotive, Cannabis Related, Multi Family, Condo, Office, Industrial, Retail, Mixed use, Airbnb, Daycare, Funeral Home, Gas Station, Hospitality, Land Entitled, Land Non-Entitled, Medical Office, Mobile Home Park, Mobile/Manufactured Home, Modular Home, Place of Worship, Restaurant, Self-Storage, Senior, Shopping Center, Special-Use, Strip Center and Warehouse. Their minimum loan amount is $200,000. Their maximum loan amount is $5,000,000. Maximum duration of 1 year;1.5 years;2 years;3 years;5 years;10 years;15 years;30 Years. Although rates can change they are typically lending at a minimum rate of 8%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 2.5.

These descriptions are limited information and meant for general reference purposes.
1963 O'Toole Way, Suite 200
San Jose, 
CA
 95131
N A Nationwide Mortgage, a California Corporation is located at 1963 O’Toole Way, Suite 200, San Jose, CA 95131. Unique Identifier NMLS ID #32417 www.nmlsconsumeraccess.org. N A Nationwide Mortgage Service Mark @1998. All rights reserved. California – DRE Real Estate Corporation License Mortgage Loan Originator (MLO) License Endorsement, #01247594, Florida Mortgage Broker License #MBR2347. Virginia Broker License #MC-5843. Washington Mortgage Broker License #MB-32417. Advertisement. Activities for which a license is required. Nationwide Mortgage offers these products through our family of companies. Purchase loans and Refinance loans are available for Jumbo mortgages , 30 year fixed, 15 year fixed, FHA loans, VA loans, HARP loans and Reverse Mortgages. *All of the scenarios listed above are subject to various credit debt to income ratio requirements that are subject to change without notice. This is not an offer for extension of credit or a commitment to lend. Loan approval and rates are dependent upon applicant’s credit, collateral, financial history and program availability at time of origination. Programs and rates are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. These materials are not from HUD or FHA and were not approved by HUD or a government agency. This is not an offer to enter into a rate lock agreement under CA law, or any other applicable law.