Investment property purchases - for real estate & industry professionals

The {{product.downMinOneUnit}} down fit screen

A conventional non-owner-occupied purchase at up to {{product.ltvMaxOneUnit}} LTV with no mortgage insurance - and a screen narrow enough to run before the offer goes out.

Gate	One unit	Two to four units
Max LTV / CLTV	{{product.ltvMaxOneUnit}}	{{product.ltvMaxMultiUnit}}
Minimum down payment	{{product.downMinOneUnit}}	{{product.downMinMultiUnit}}
Min LTV / max down payment	{{product.ltvMin}} LTV, so no more than {{product.downMaxEligible}} down on any unit count
Max DTI	{{product.dtiMaxOneUnit}}	{{product.dtiMaxMultiUnit}}
Minimum FICO	{{product.ficoMin}}	{{product.ficoMin}}
Mortgage insurance	{{product.miRequired}}	{{product.miRequired}}
Occupancy	Investment property, purchase only
Terms	{{product.terms}}
Loan amount	{{product.loanMin}} minimum, up to {{product.loanMaxRule}} of {{product.loanHardCap}}

Run this on your client	Passes when	Fails when
1. Down payment	{{product.downMinOneUnit}} to {{product.downMaxEligible}} on one unit, {{product.downMinMultiUnit}} to {{product.downMaxEligible}} on two to four units.	{{product.downIneligibleAt}} or more down (minimum LTV is {{product.ltvMin}}) - standard agency financing applies instead. Under the minimum for the unit count also fails.
2. Transaction	A purchase.	Any refinance. Purchases only.
3. Credit	Representative score of {{product.ficoMin}} or better - the lowest middle score of each borrower.	Under {{product.ficoMin}}, or a borrower with no score of their own. Non-traditional credit is not accepted.
4. Source of funds	Down payment and reserves from the buyer's own documented accounts.	Any gifted funds. Sweat equity is not an eligible asset either.
5. Rental plan	A long-term rental plan.	Short-term or nightly rental.
6. Rental income	If the file needs the subject property's rent to qualify, each applicant already owns a primary residence.	The buyer does not own the home they live in and the subject's rent is needed to qualify.
7. Loans in this program	Fewer than {{product.maxLoansOutstanding}} outstanding under this program.	Already carrying {{product.maxLoansOutstanding}} under this program.

Ineligible regardless of the seven (partial list): foreign national borrowers; manufactured and mobile homes, cooperatives, community land trusts, and working farms; properties in Puerto Rico; files with an escrow holdback. Exceptions are not permitted.

What to send me

Purchase price, down payment, unit count, and the rental plan (long-term or short-term)
Whether the buyer owns the home they live in
Ballpark credit score, and whose money the down payment is
Cash left after closing, and how many financed properties the buyer holds

Easy to miss

Reserves. {{product.reservesSubject}} on the subject property, plus {{product.reservesTierOne}}, {{product.reservesTierTwo}}, or {{product.reservesTierThree}}.
Full appraisal every time, with a Comparable Rent Schedule. No appraisal waivers.
Wet-ink closing. No remote online notarization, no eClosing or hybrid closing.
No subordinate financing. CLTV equals LTV, so a seller second is off the table.

Full presentation & the printable fit screen

Scan for the complete industry briefing: where this sits against standard agency financing, the counterintuitive minimum-LTV rule, worked client scenarios, and what to send over on a live deal.

For real estate & industry professionals - not for consumer distribution. Equal Housing Opportunity. All loans subject to underwriting approval; certain restrictions apply. Based on the {{product.name}} program guidelines, available for locks beginning {{product.lockAvailableFrom}}; program terms are subject to change. Not legal, tax, or insurance advice. CrossCountry Mortgage, LLC (Company NMLS #3029) and Patrick L Norman (NMLS #303097) are licensed to conduct mortgage business in Virginia, Maryland, and the District of Columbia (www.nmlsconsumeraccess.org). © 2026 Patrick L Norman. All rights reserved.