Unlike many of our competitors, we don’t require income verification, tax returns or 4506 documentation. This keeps our process fast, simple and dependable. We do require:

• Two forms of ID
• Tri-merged credit report with at least two credit scores
• Appropriate insurance
• A title policy
• Voided check and the down payment (for purchases)
• Executed copy of lease (if property is occupied)
• An electronic asset verification of last two months bank statements

We use a tri-merged credit report and either use the middle score of three scores, or the lower score of two scores.  Our minimum credit score is 680. Some of our other credit requirements include:

• No open foreclosure or bankruptcy
• No bankruptcy in the past four years
• No foreclosures, short sales or deeds in lieu within the last three years
• Minimum three open and qualifying trade lines for 24 months OR minimum of two open and qualifying trade lines and a history that evidences at least three additional qualifying trade lines that were open for at least 24 months each during the last seven years
• No mortgage lates in the past 12 months
• For credit scores 680 and above, no more than 1 x 30 lates on non-mortgage trade lines over the past 12 months, subject to certain exclusions
• For credit scores below 680, no more than 0 x 30 lates on non-mortgage trade lines over the past 12 months, subject to certain exclusions

We lend in 38 states and Washington, D.C., including: AL, AR, AZ*, CA*, CO, CT, FL, GA, HI, IA, IL, IN, KY, KS, LA, MA, MD, ME, MI, MO, MS, MT, NC, NH, NJ, NM, NY, OH, OK, PA, SC, TN, TX, VA, WA, WI, WV & WY. We do not lend in Detroit & Flint, MI. For properties located in Massachusetts, Georgia, Hawaii, Virginia and New York, Visio only lends to entities (no non-profits).

See our Where We Lend Interactive Map to view loans by state.

*All loans are originated by Visio Financial Services Inc. Visio Financial Services Inc. is licensed by the California Department of Business Oversight as a California Finance Lender, license number 60DBO-56345 as well as by the Arizona Department of Financial Institutions as a Arizona Mortgage Banker, license number 1010600. Visio Financial Services Inc. company NMLS ID number is 1935590.

We lend on rent-ready residential properties, up to four units, with no deferred maintenance (other than normal wear and tear), including condos and townhomes. We do not lend on manufactured homes, mobile homes, log homes, or vacant land.

For most of our loans, the minimum property value is $125k.

We only finance rent ready property.  More specifically, the appraiser must rate the property in C4 condition or better and there cannot be any deferred maintenance visible in the appraisal photographs.

To understand more about appraiser condition ratings, please see https://www.fanniemae.com/content/guide/selling/b4/1.3/06.html.