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Non-Recourse Loans For IRA Real Estate Investors
 
866-946-0120 ext 101

Non-Recourse Loans


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 packet 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

KEN COOK
678-946-0101
866-946-0120 ext 101

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LINKS TO FHA LENDERS IS NOT NECESSARILY AN ENDORSEMENT OF THEIR SERVICES.
TO OBTAIN AN FHA MORTGAGE (OR ANY MORTGAGE) CONTACT A LICENSED LENDER IN YOUR AREA.
>>>NOVATION DOES NOT PROVIDE MORTGAGE LOANS ONLY INFORMATION<<<

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