866-946-0120 ext 107 Investors using a self-directed IRA or other type of investment account allowing for the purchasing and holding of real estate investments generally require what is called a non-recourse loan. >>> Download the simple packett for deal pre-approval <<< Simply defined a non-recourse loan means the buyer cannot be personally held responsible for any deficiency in the loss of a property due to foreclosure or other factor. The loss is limited to the down payment made on the property. Novation non-recourse provided loans do not place weight on the borrower's income or credit but rather the property value (as determined by our investor) and the amount of reserves held by the borrower after the transaction.   1-4 Family Multifamily Product 5/1 ARM and 30 Year Fixed 5/1 ARM and 30 Year Fixed Max LTV 70% 65% Max Term 30 years 25 years DSCR** 1.0x 1.3x Min. Loan Amt. $50,000 $50,000 General Guidelines Include: 30% Down Payment 70% Max Loan to Actual Value 5 Year ARM 30 Year Fixed SFR to multi-family residential All 50 States The custodians we currently work with include: PENSCO Trust Company  pensco.pdf Sterling Trust Co.  sterling.pdf Equity Trust Company  EquityTrust.pdf Fiserv Trust Company  Fiserv.pdf Trust Administration Services Corporation Millennium Trust Company Sunwest Trust Company KIM NOBLE 678-946-0107 866-946-0120 ext 107

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Novation Mortgage, 2501 E Piedmont Road, Suite 201, Marietta, GA 30062
Georgia Residential Mortgage Licensee 20014. Florida Mortgage Broker Business  MBB 0703760
FHA Lender - Equal Housing Lender

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