Top residential investor lender, Visio Financial Services (VFS), announced today that they have increased the maximum amount of their loans to $200,000 on both purchase and cash-out refinance loans. Designed for the unique needs of residential real estate investors, Visio Financial’s now-higher loan amounts will provide customers more options for their financing needs, helping them build their portfolios and invest in higher-priced properties.
Ranked by Scotsman Guide as the fifth-largest hard-money lender by loan amount and second largest in loan volume nationwide, VFS differentiates themselves in the market by offering no credit check, no asset verification and no income documentation through their property-based loan model. Whether investors plan to rehab and sell properties or hold and rent properties, Visio Financial lends based on the value of the property, which results in a short two-week close from start to finish. With a $200,000 maximum loan balance, VFS can now loan against properties with values from $30,000 to $400,000 and up.
“By increasing our loan amount, we are leading the market in responding to investors’ unique needs while expanding our offerings to existing and future customers,” said Jeff Ball, CEO of Visio Financial. “We feel that this improvement to our loan products will better position us while we continue our rapid growth as the only nationwide lender exclusively loaning to investors on individual residential properties.”
VFS rolled out the higher loan amount soon after releasing the results of their recent survey, which showed that the more successful investors buy houses at multiple pricing levels. The full survey results, based on responses from nearly 1,300 investor clients were released in June, 2014 and are available for download here.
VFS currently offers three loans products, for both purchase and refinance, geared toward investors including a 6-month interest-only loan, a 10-yr. due-in-three loan and a five-year loan. All three products are available as both purchase and cash-out refinance loans.