Rates Started at 5.9%*
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Long Term Financing options for Investors aiming to acquire and maintain an unlimited portfolio of rental properties for cash flow.
| Single Property Rental Term | |
|---|---|
| Term | 30-Year fixed, arm options available |
| 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 Credit Score | 660 |
| Borrower Type | Entity required |
| Property Types | Single Family Residences (SFR) | 2-4 unit properties | Warrantable condos | Townhomes | PUD |
| Maximum Loan to Cost (LTC) | 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 |
| Seasoning requirement (to use value vs. cost basis) | 180 days |
| Market Rent | 100% of Market Rent from Appraisal if Vacant purchase |
| More Pre Pay Penalty Options | (NO ppp and 5-5-5-5-5 option) |
| Seller Credit | Allowed up to 2% of the purchase price |
| Rural properties are acceptable | |
|---|---|
| DSCR | 1.2 |
| LTV | 65% |
- CLOSE IN 10 DAYS OR LESS
* We can consider the signed lease rent for loan evaluations, provided there is documented rental income for a minimum of 3 months.
New
MULTIFAMILY DSCR PROGRAM:
🔹Long-term financing with 30-year fixed options for stabilized properties
🔹Interest rates from 6.5% for strong borrowers and properties
🔹DSCR ratios as low as 1.15 for even first time multi operators
🔹No prepayment penalty loans allowed
🔹Simple DSCR calculation – no complicated operating expense analysis
🔹Unlimited Cash-out refinance available to pull equity for additional investments
* Non-owner-occupied loans ONLY. All products are intended for residential properties.
** The rates shown represent the lowest possible options. The actual rates and deals you receive may change based on various approval criteria, including your FICO score, past experience, duration of ownership, among others.
*** We do not currently lend in the following states:
- Arizona
- Nevada
- North Dakota
- Oregon
- South Dakota
- Utah
- Vermont