Multi-Family Full Doc Loan Program
Loan Limits
$200,000 – No Maximum
Recourse
Recourse & Non-Recourse
Loan Types
Acquisition
Refinance
Cash-Out Refinance
Maximum LTV
80.0% (Purchase and refinance)
75.0% (Cash-out)
Net Worth Minimum
Conventional: None / FNMA: Equal to the Loan Amount
Post Closing Reserve Minimum
Conventional: None / FNMA: Equal to the Loan Amount
Occupancy Type
Investor
Occupancy Minimum
85.0%
Eligible Locations
Primary & Secondary Markets Nationwide
DSCR Minimum
1.20%
Collateral Eligible
Multifamily, 5 Units & Up (Commercial space allowed up to 35%
of net rentable area and maximum 20% of effective gross income)
Interest Rate
Market Conventional Rates
Credit Minimum
680
Amortization
30 Years
Loan Points
1 - 3
Term
5 years or 10 years
Prepay
Conventional: Declining / FNMA: Yield Maintenance
Closing Time Frame
45 – 60 Days
The Continental Finance Difference
Nationwide Program
Competitive Terms
Low Minimum Loan Amounts
You and Your Clients are Completely Protected