Snowball Investments LLC - 30 Year Fix Loan for Rentals
Preliminary data request to underwrite 30 year loan on a rental property non owner occupied investor loan for 1-4 unit residential property. Cash out Refinance allowed, No Junior Lien, No construction reserves.

Leasing Status: Leased, with at least three months in the remaining term unless the tenant has been in place for at least six months

Property Debt-to- Gross Rental Income: Maximum of 90% calculated as the monthly property expenses divided by the monthly income Monthly Property
Expenses: The sum of monthly principal, interest, taxes, insurance premium, and HOA dues, if applicable

Prepayment Penalties
No partial repayments are allowed. A prepayment penalty will be assessed if the principal
balance is repaid within the first three years according to the following schedule:
• 3% of the principal balance if within the first year from origination
• 2% of the principal balance if within the second year from origination
• 1% of the principal balance if within the third year from origination
• 0% thereafter

Bankruptcy: At least two years removed from dismissal or discharge of bankruptcy

Asset / Income Verification: Not required

Recourse Recourse required for all entity borrowers

Borrower Eligibility & Documentation:
• U.S.-domiciled company or trust, a U.S. citizen, or a permanent resident alien
• Verification of existence and validity to conduct business and residency for individual
borrowers

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Email *
Address of the property *
How many units in this property *
Estimate of Property Value *
Gross Rent *
Annual taxes *
Annual insurance premium *
Annual HOA dues+ annual misc expenses to maintain the property *
Date of Purchase *
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Purchase Price *
Your credit score *
Long term lease start date ( Leased, with at least three months in the remaining term unless the tenant has been in place for at least six months) *
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Lease end date *
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Confirm that this is a rental property and not used for personal residence *
Required
Is this Cash out? *
Please provide your track record *
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