Nation's Leader in Rental Loans
Fast. Simple. Dependable.
Financing for Our Nation's Rental Home Investors
Rental Loans
Vacation Rentals
Commercial Loans
Why Buy and Hold Investors Love Working With Phillip Warrick
- Full 30 year terms
- No DTI or personal income qualification
- No tax returns or 4506 requirements
- Up to 75% LTV on cash-out refinances & 80% LTV on Purchases
- 30 year fixed, 5/1 ARM, and 7/1 ARM rate structures
Open for Appointments
Have a look at my schedule to book a session and fill out the application form.
LET ME INTRODUCE
Phillip Warrick
Started learning about Real Estate investing in high School
back in 1997-98.
He bought his first real estate home study system from a late night infomercial called "how to buy you first home or investment property with no downpayment" by Carlton Sheets, he liked the course because he had no money or credit at the time so this sounded like a way to get a property.
One day while trying to make that program work by calling seller leads out of the newspaper following a script as instructed a lady asked him if he was reading a Carlton Sheets script OMG he felt like he "got caught". But getting caught was one of the best things that ever happened, because she was nice enough to recommend the Real Estate Investment Club in Houston and that is where his learning journey began.
Now with over 20 years experience as a full time, multimillionaire, real estate investor he loves to help other investors with everything related to real estate investing, from getting started with his Coaching and mentoring programs, to next level real estate consulting services, mortgage services to help others grow their real estate portfolios with great non QM mortgage products to private lending opportunities for investors who want to earn passive high rates of return with their investment capital or IRA safely and securely.
Our Loan Programs are Tailored to Your Needs
Permanent Rentals
Set it and forget it finance. 30-year fixed rates, no balloons, option to buy your rate down
Transitional Rentals
The perfect property waiting for the perfect time. 5/1 ARM and 7/1 ARM rate structures, certainty of full 30-year term
Vacation Rentals
Finance your crown jewels with the nation's leading vacation rental lender. 30-year fixed rates, no balloons
Open for Appointments
Have a look at my schedule to book a session and fill out the application form.
Grow Your Rental Portfolio
30 Year Loans for Residential and Vacation Rental Properties
Loan Structure
- Offering: Purchase, Rate & Term Refinance, Cash-Out Refinance
- Loan Type: Single Asset
- Loan Amount: $45,000 - 2 MM (For higher amounts, please call)
- Loan Term: 5/1 ARM, 7/1 ARM, 30-Yr Fixed (No Balloons)/30 Years Fully Amoritized
- Max Loan-to-Value: 80% Purchases, 75% Refinances
- Minimum Property Value: $100k (Higher minimums in certain areas)
- Property Based DSCR: Yes
- Geography: Nationwide per property: Ex - AK, DE, ID, MN, NE, NV, ND, OR, IR, SD, UT, VT
- Title Insurance: Required
- Property/Rental Insurance: Required
General Requirements
- Property Type: 1 - 4 Unit Single Family Residential, Condos, Townhomes
- Valuation Type: As Is Full Appraisal with Market Rent Analysis
- Borrower Type: Investor Only, Individuals, LLCs, Corporations and limited partnerships U.S Citizens. Permanent and non-permanent resident aliens
- Borrower FICO Score: Minimum 680
- Reserves: Minimum of 6 Months PITIA
Phillip Warrick, LLC
< < Contact
Our Process
We are fast. Our process is simple. And you can count on us.
Application Stage
You provide us a completed application and pay for the appraisal. We evaluate your credit.
Point of Contact Broker: Phillip Warrick, Account Executive (AE)
Sent to Processing
One of our loan processors is assigned and works with you on gathering the rest of our required documentation.
Point of Contact: Processor
Closing Stage
Processor submits full loan package to underwriting team; once approved we schedule your closing.
Point of Contact: Processor & AE
Our Approach
Making your finance a constant.
Fast.
We only do one thing: finance rental properties.
We believe time is money, and strive to be transparent about our qualifications.
Simple.
Essentials only; no tax returns or personal financial statements.
No complicated NOI calculations. We use a simplified DSCR.
Dependable.
We work diligently to avoid last minute surprises.
Our pricing is set, so you always know your rate.
Open for Appointments
Have a look at my schedule to book a session and fill out the
application form.
Celebrity Moments
