My Funding Mentor

The Credit Solutions You Need

BLANKET FUNDING

(Rental Portfolio)

ATTENTION LANDLORDS!

Whether your Rental Property Portfolio consists of 2 properties or 100+ properties, you are in the right place to get funding with our Blanket Program is designed for:

  • Single Family Dwellings
  • 2-4 Units
  • Warrantable Condos
  • Townhomes
  • 5+ Units
  • Mixed-Use

If you fall into one of the above property types, then our Blanket program is great for you.

BLANKET PROGRAM IS AVAILABLE NATIONWIDE

EXCEPT: MN, ND, OR, SD, UT & VT.

GUIDELINES

This program has standard guidelines and here’s just a few:

  • Loan Amounts: $105k to $50M
  • Max LTV: Up to 80%
  • FICO Requirement: As low as 640

Download the full Wholesale or Retail Guidelines to better understand if your project is a good fit:

Rental Portfolio-Blanket Retail Guidelines
Rental Portfolio-Blanket WholeSale Guidelines

MINIMUM REQUIREMENTS:

  • Must be able to show proof of down payment
  • A Tri-Merge Credit Report fee of $57
  • A valid Driver’s License or State ID
  • Must have a Checking Account
  • Application FeeÂ
  • A Social Security number

Blanket Loan – Online Application

Blanket Loan – Checklist

  • 2 recent Years of Business & Personal Tax Returns (all pages)
  • 3 months of Recent Bank Statements (all pages)
  • Agreement of Sale (if purchase)
  • Articles of Organization, EIN & signed
  • Operating Statement
  • CD Contact Form (download from our website)
  • Disclosures (It will be emailed to you)
  • Driver’s license or State ID. (Must be color for verification purposes)
  • Guarantor Form (download from our website)
  • Lease Agreements
  • Payoff (if refinance)
  • Personal Financial Statement (download from our website)
  • Property Management Questionnaire (download from our website)
  • Rent Roll (download from our website)
  • Social Security card
  • Track Record & REO Form (download from our website)

Here are the steps moving forward

  1. Subject Property Address in Subject Line when sending back the documents.
  2. Budget of project, purchase price, or Loan Amount.
  3. After Repair Value if Fix and Flip or Current Value if DSCR / Refinance
  4. Down Payment -Bank Statement or Statement for down payment if applicable.
  5. Check your credit scores here: / send or upload a copy of the report and all scores.
  6. Please send me a copy of your credit report with scores and the attached documents.
    7. Please see the attached loan application, credit authorization and all documents needed to move forward.

Send all documents on checklist to: info@myfundingmentor.com

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