RENTAL LOANS

For Real Estate Investors

We offer Rental Loans for the real estate investor to purchase, refinancing or take cash out of individual rental properties as well as entire portfolios. This program is perfect for the professional investor looking to grow their portfolio of single-family rental properties, it’s an excellent way to convert a fix and flip into a long-term income-producing asset. It’s easy to get started, just fill out our loan inquiry and a loan officer will reach out to you with all the information you need to make a smart decision.

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RENTAL LOAN DETAILS

PURCHASE – REFINANCE – CASH OUT OPTIONS
RATES AS LOW AS 5.75%
NO INCOME REQUIREMENTS
FULLY AMORTIZING
3, 5, AND 7 YEAR ARMS OR 30 YEAR FIXED RATE OPTIONS
LOAN AMOUNTS BETWEEN $50K AND $2M
MINIMUM PROPERTY VALUE $75K
SFR, 2-4 UNIT, CONDOS, TOWNHOMES
640 MINIMUM FICO
AS LITTLE AS 30 DAY SEASONING REQUIREMENTS

WE OFFER A NUMBER OF OPTIONS FOR RENTAL LOANS WITH FLEXIBLE RATES AND TERMS BASED ON DOWN PAYMENTS AND EXPERIENCE. KNOW ALL YOUR OPTIONS BEFORE MOVING FORWARD, IT’S FAST AND EASY.

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RENTAL LOAN FAQs

We have a few different options for rental loans – this information is about rental loans in general we will let you know the specific requirements for any programs you qualify for.

What type of properties are eligible for rental loans

Single Family Residence (SFR)
2-4 Unit Properties
Warrantable condos
Townhouse
PUDs

What is the minimum and maximum loan amounts for rental loans

Minimum Loan Amount is $50k
Maximum Loan Amount is $2M

What is the minimum Fico score for a rental Loan

You must have a minimum fico of 640

What type of documentation is required for a rental loan

Application
Bank Statement
Business Entity Information
Driver’s License
Leases – If currently rented
A schedule of Real Estate Owned

*other documents may be required.

What is Debt Service Coverage Ratio

This is a calculation to determine if the income collected through the monthly rental payments is sufficient to make the loan payments.
The DSCR is calculated by dividing the monthly rent by the monthly principal, interest, property taxes, insurance and association dues, if any (PITIA).

Does my rental property have to be leased before closing?

Not Necessarily, it is possible to use the figures contained on the rent schedule, which is part of the appraisal.

Is there a prepayment penalty?

Yes there are prepayment penalties depending on the type of loan you are taking.

Can I live in one of my rental properties or rent it to a family member?

No. Rental loans are commercial only loans that are exclusively for non-owner occupied (investment) properties which includes family members

Is an appraisal required

Yes an appraisal is required on all rental loans.

Our Rental loans are subject to business and investor credit approval, geographic, appraisal and other underwriting requirements.

Let us help fund your growth and create more profits, we have loans for every real estate investment. With flexible guidelines and make sense underwriting we can approve you quickly.

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FOR FASTER CLOSING…GET PRE-APPROVED

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CURRENTLY LENDING AND/OR BROKERING LOANS