Rental Loan
- STARTING RATE
6.1%
*
Key Facts About Our Single Rental Loan
- DSCR loan with no W2s, paystubs, or tax returns required
- Minimum 660 FICO
- Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units eligible
- Foreign Nationals allowed
Term | 30-year fixed, arm options available |
Recourse | Full Recourse only |
Loan Types | 30-Year fixed rate mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hyrbid ARMs (Partial IO or Fully Amortizing) |
Experience | not required |
Loan Purpose | Purchase, rate-term refinance, or cash-out of a single rental property |
Minimum Fico | 660 |
Borrower Type | Entity required |
Interest Rate | call for quote |
Property Types | Single Family Residences (SFR) 2-4 unit properties Warrantable condos Townhomes PUD |
Vacancy Maximum | purchases only or leased within 30 days |
Rural Properties | not permitted |
Foreign Nationals | not allowed from ineligible country list |
Lease Requirements | Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent Unleased Units: 90% of Market Rent (Purchase Loans only) |
Maximum Loan To Cost | If Owned < 3 months, 80% of Total Cost Basis |
Minimum Loan Amount | $75k - $2MM |
Maximum loan-to-value (ltv) | up to 80% on purchase and rate & term. Up to 75% on cash-out |
Property Or Unit Acquisition Minimum | 1 property per loan |
Minimum Debt Service Coverage Ratio (Gross Rent/Pitia) | 1.10x |
Seasoning Requirement (To use value vs. Cost basis) | 180 days |
Over $8 Billion in loans for Real Estate Investors
Purchase, Rate and Term, and Cash-out Refinance options available. Single asset or portfolio aggregation. Enables investors like you to build a steady stream of income through rental property investment.
What Makes the Single Rental Loan Unique?
- We treat your rental property like your own small business, and we underwrite to the cash flow it will produce, not your personal income.
- We don’t limit the number of rental properties you can own, so we give you maximum flexibility.
We provide personalized service throughout the entire loan process – from quote to close.
BEGIN TODAY BY TAKING ADVANTAGE OF A RENTAL LOAN
