Non-Recourse Loans for Self Directed IRA
This loan is designed for an IRA that holds a property as an asset. Generally, these properties are rental units and therefore, are long term holds. The only type of loan an IRA may have is a non-recourse loan. This loan is one in which the IRA account holder is not personally liable for repayment of the loan. In the event of a default/foreclosure the lender can only look to the property as the sole source of repayment.
The following properties are eligible for a non-recourse loan:
- SFR
- Warrantable Condo’s
- PUD
- Duplexes
- TriPlexes / Quadplexes
- Multifamily (5 or more units)
Current Loan Options
1-4 Family (min $50,000)
- 3,5 or 10 yr ARM
- 10-20 yr Fixed
- 70% Max LTV
- Max Term 20 yrs
- DSCR Min 1.2-1.25
Multifamily (min $300,000)
- 5/1 ARM
- 15-20 yr Fixed
- 65% Max LTV
- Max Term 20 yrs
- DSCR Min 1.3
