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FHA Multifamily Financing

Propel Your Multifamily Investment with FHA Multifamily Financing

Superior Rates, Flexible Terms – The Perfect Solution for Multifamily Investors
600

Minimum Credit Score

Varies

Maximum Debt To Income

85%

Maximum Loan To Value

No Max

Maximum Loan Amount

With 1 Application,130 Mortgage Lenders Will Compete For Your Business

Unlock unparalleled opportunities with a single application. Dive into a competitive marketplace where 130 top-tier mortgage lenders vie to offer you the best terms, ensuring you get the deal you deserve. It’s not just about choice; it’s about empowering you with the best options available.

🔒Does not Affect Credit. No SSN until you’re ready.

Innovative Mortgage proudly offers FHA Multifamily financing options, which are designed for the purchase, refinance, or construction/rehabilitation of various types of multifamily properties. This program, backed by the Federal Housing Administration (FHA), provides competitive, non-recourse loans with substantial terms and amortizations, making it an attractive option for investors in traditional, affordable, senior, cooperative, or manufactured housing communities.

Understanding FHA Multifamily Financing with Innovative Mortgage:

  • Program Scope: The FHA Multifamily program is available for properties in good condition (for purchase/refinance) and not more than 30-40 years old unless they have been substantially rehabilitated. It is also essential for borrowers to have previous FHA ownership/management experience or to employ an FHA-approved property manager, unless a waiver is obtained.
  • Competitive Terms: FHA loans offer very competitive rates with 35-40-year fixed terms and amortizations, accessible nationwide for any market, regardless of size.
  • Non-recourse Loans: Loans under this program are non-recourse, except for standard carve-outs, providing greater peace of mind for borrowers.
  • Bridging the Gap: Due to the longer diligence/underwriting period and closing time for FHA mortgages, borrowers might need a short-term bridge loan to finance the property until the closing of their FHA loan.

Benefits of Choosing Innovative Mortgage for FHA Multifamily Financing:

  • Customized Solutions: We will review the specifics of your loan request to match you with the most competitive quote available from our diverse network of lenders, each with different overlays.
  • Expert Guidance: Our experienced team will navigate you through the complexities of FHA Multifamily financing, ensuring you understand all requirements and terms.
  • Efficient Digital Processes: Innovative Mortgage utilizes the FHA Catalyst: Multifamily Application Module, which supports the digital delivery of application documents, streamlining the application process.

Get Started with Innovative Mortgage:

If you’re considering an FHA Multifamily loan, start by gathering the necessary documentation, including:

  • Financial Records: You will need detailed financial statements and reports to demonstrate the financial health of the property.
  • Property Information: Prepare information on the property’s condition, potential for rehabilitation, and other relevant details.

Reach Out to Us Today:

Whether you are an experienced investor or a new entrant into the multifamily property market, Innovative Mortgage is ready to help you secure an FHA Multifamily loan that meets your investment needs.

Contact Innovative Mortgage to explore your FHA Multifamily financing options. Our team is committed to providing you with personalized service, expert advice, and the competitive terms necessary to make your investment a success.

Pros of FHA Multifamily Financing

1

Flexible Underwriting

With FHA Multifamily financing, underwriting is flexible, allowing for lower credit scores and higher loan amounts.
2

Non-Recourse Loans

Our FHA multifamily loans are non-recourse, limiting your personal liability.
3

High Leverage

These loans offer high LTV ratios, allowing you to leverage your investment.

Cons of FHA Multifamily Financing

1

More Time-Consuming

The application process for these loans can be longer due to the government involvement.
2

Prepayment Penalties

FHA loans can come with prepayment penalties, though they decrease over time.

Key Issues That Will Get Early Attention

1
Preparing Your Application
Our experienced team will guide you through the application process to help avoid potential hurdles.
2
Navigating Government Regulations
We'll help you navigate the complex regulations involved with FHA multifamily financing.
3
Avoiding Prepayment Penalties
We'll structure your loan to minimize prepayment penalties and maximize your investment.
4
Maximizing Your Investment
Our team will work with you to ensure you get the most out of your multifamily investment.

We're Simply Better and Not Just on Price...

1.

We Have More Lenders and More Loan Programs

Diverse Choices, Tailored for You: With a vast array of lenders and loan programs, we ensure a perfect fit for your unique financial needs.

2.

Our Loyalty is To YOU not the lender

Your Interests, Our Priority: Our commitment is to you, not the lenders, ensuring unbiased and dedicated support throughout your mortgage journey.

3.

Non QM, Convert to Cash and Flexible Funding Options Available

Flexible, Innovative Financing: Explore Non-QM loans, easy cash conversion options, and flexible funding solutions tailored for your financial freedom.

🔒No Credit Pull, No Obligation.

Compare For Yourself

Explore the difference that sets us apart in the financial world. See how our innovative services and unmatched benefits distinguish us from the competition, ensuring you make an informed choice.

Lightning Loans
Local Bank Branch
Big Name Online Lenders
Shops Hundreds of Lenders
Scans Thousands of Programs To Find You The Best Available
Is Loyal to Borrowers and Not Lenders
Has Multiple No Tax Return Mortgage Options
Can Show You Conventional and Non QM Options
Multiple 100% Financing Options for First Time Home Buyers
Can Do Hard Money, Bridge Financing and Other Unique Funding Types

🔒No Credit Pull, No Obligation.

You need a tenacious loan officer who has obsessively over-prepared and knows every single trick in the book to secure the ideal mortgage for your unique situation

And that is exactly what you'll find when working with me…

Read What Our Happy Clients Have to Say

Don't Wait, Secure Your Perfect Mortgage Today

Here's what you get when you apply with Lightning Loans by Innovative Mortgage

1. Unparalleled Access to Mortgage Options With a Single Application

With a single application, we’ll comparison shop thousands of loan programs across hundreds of lenders. 

This includes conventional loans at 130 different sources, FHA loans at 130 different sources, and even bank statement or no tax return options. If a mortgage product exists, we have access to it.

No more wondering if you’re getting the best deal – we’ll make sure of it.

2. Expert Guidance and Outstanding Communication

With over two decades of experience working with clients, I’ve developed a keen sense of what my clients need and when they need it. 

It’s almost like having a psychic connection!

I pride myself on putting my clients first and providing outstanding communication throughout the entire mortgage process.

3. A Faster, Easier Path to Perfect Mortgage Loans For Your Specific Situation

Say goodbye to the headaches and hassles of traditional mortgage processes. 

With Lightning Loans, you’ll enjoy a streamlined, efficient journey that gets you to your goals faster and with less stress.

You’ve got enough to worry about, let us put your mind at ease with regard to your mortgage financing.

We only request the things that are absolutely necessary 

4. The Peace of Mind Knowing You've Made the Right Choice Because You've Seen ALL Your Options

When you work with Lightning Loans, you’re not just getting a mortgage –

You’re getting a partner who is committed to your success.

We’ll go above and beyond to ensure that you’ve made the best possible choice for your unique situation.

These might just seem like words on a page but one conversation with us and it will be abudantly clear to we walk our talk.

Experts at your service.

Meet the experts committed to providing you with exceptional financial solutions

49

Andres Garcia

Loan Officer

Dedicated, high energy real estate expert that is adept at working with investors and traditional borrowers.

Your Contact
Drew-640w

Andrew Kashella

Senior Vice President

Mortgage Industry veteran responsible for thousands of loan originations and billions in closings.

Bryan+(1)-640w

Bryan P. Ehrlich

CEO/General Counsel

Founder, Juris Doctor and Lead Counsel for Innovative Mortgage Services.

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