Rental Property Loan
The Rental Property Loan is designed for borrowers seeking a streamlined loan solution. This loan comes as a fixed rate or hybrid ARM product with each offering a 30 year loan term and amortization. Leverage up to an 80% LTV on a purchase, rate and term refinance or a refinance with cash-out. Income qualifications are based on the property’s cashflow, not your personal income. No limit on the number of rental properties currently financed. This is the ideal alternative to a traditional bank or hard money loan. Contact me to discuss your options or to get pre-approved.
Minimum Mid-FICO 620
Qualifying income is based on property cash flow
Purchase: No sourcing or seasoning of funds
Refinance: No seasoning for Full-Appraisal Value
Cash-out can be used for qualifying reserves
$100,000 - $2.5 million
LTV: Up to 80%*
Interest: from 4.99%**
Rate: Fixed or Hybrid ARM
Fixed Term: 5, 7, 10 or 30 years
Term: 30 years
Amort: 30 years (partial interest-only available)
DSCR: No Minimum
Multiple Prepayment Penalty Options
Single Family Home
Multifamily 2-4 Units
Planned Urban Developments
Vacation Rentals (Airbnb, Seasonal, etc…)
*Up to an 80% LTV on purchase, refinance or cash-out.
**Interest Rate dependent upon credit score, loan-to-value, fixed term and DSCR. Buy-down available.