meMortgage is proud to introduce our new Business Purpose Loan Program
Business purpose loans are just that. They are not designed for personal, family or household purposes. Let us simplify this for you; If you have a 1-4 unit, residential Investment home, you can use this loan to take cash out for business purpose use, lower your interest rate or purchase a new investment property. A Business Purpose loan, also referred to as a “DSCR (Debt Service Coverage Ratio) loan”, qualifies off the cash flow of the subject property. Meaning, if the rental income meets or exceeds the mortgage payment, congratulations, you qualify for the best non-owner loan in America, theNONI. Oh, and if your cash flow falls short, don’t worry, we still have a program for you theDSCR<1. Let’s get you started today!
We are authorized to conduct Business Purpose Loans in:
Alabama | Arizona | California | Colorado | Connecticut | Delaware Florida | Georgia | Hawaii | Illinois | Iowa | Kentucky | Louisiana | Maryland | Massachusetts | Missouri | New Jersey | New York | North Carolina | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | Tennessee | Texas | Virginia | Washington