Rental Property Loans

Purchase or refinance a single rental property with our DSCR Single Rental Loan

Our Single Rental Loan enables investors to purchase a new property to expand their rental portfolio. Investors use this Debt Service Coverage Ratio (DSCR) loan to refinance a property for a better rate, or take cash out to access equity.  No personal income verification or tax returns needed!

  • No W-2's, paystubs, tax returns, etc.
  • Interest-only option available
  • Optional No Fee Alternative Valuation and Rent Schedule available
  • Funding up to 80% LTV
  • Up to 75% cash-out
  • Property loans from $75k - $3MM
  • Foreign Nationals allowed (70% LTV max)
  • 90-day seasoning
  • 30-year property loan terms
  • Minimum 640 FICO
  • SFR, condos, townhomes, PUD, 2-4 units eligible
LOAN PURPOSE
Purchase, limited cash-out, or cash-out of a single rental property 
BORROWER TYPE
Entity (Single Purpose Entity) or Individual
PROPERTY OR UNIT ACQUISITION MINIMUM
1 property per loan
TERM
30-year fixed
INTEREST RATE
Call for quote
EXPERIENCE
No first time homebuyers
MINIMUM FICO
640
MAXIMUM LOAN-TO-VALUE (LTV)
Up to 80% on purchase and rate & term. Up to 75% on cash-out
MINIMUM LOAN AMOUNT
$75K - $3MM
VACANCY MAXIMUM
Any vacancy requires a max LTV of 60% on refinance
SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS)
90 days
RURAL PROPERTIES
Ineligible
FOREIGN NATIONALS
  • Not allowed from ineligible country list
  • LTV is limited to 70%
PROPERTY TYPE Non-Owner Occupied:
  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes

 

Portfolio Rental Loan

Use our Portfolio Rental Loan to unlock equity and grow your rental business. Our Portfolio Rental Loan is designed to help rental investors unlock equity and get cash out of their existing rental investments. Consolidate multiple rental property mortgages into a single loan so you can continue to grow your portfolio.  Long-term business purpose loan used to purchase or refinance from 2 to 50+ non-owner occupied residential investment properties into ONE single loan and ONE convenient mortgage payment.  DSCR is used to qualify income and no personal income is used for loan qualification.

Standard

  • Blanket loan for 5+ rent-producing units
  • 5, 7, or 10 year terms with balloon, IO available
  • Declining points pre-payment option
  • No capital expenditures
  • Minimum 660 FICO

Express

  • Blanket loan for 2+ rent-producing units
  • 30 year term with full am or IO option
  • Declining points pre-payment option
  • Minimum property value of $100k
  • Blanket loans from $200k to $5MM
  • Minimum 640 FICO
 

Standard Portfolio Rental Loans

 Express Portfolio Rental Loans
LOAN PURPOSE
  • Purchase or refinance a portfolio of rental properties
  • Refinance and acquire properties under the same transaction
  • Purchase or refinance a portfolio of rental properties
  • Refinance and acquire properties under the same transaction
BORROWER TYPE
Entity (Special Purpose Entity)
Must be a Newly Formed LLC only, unless LLC was used exclusively for a previous loan transaction
Entity (Single Purpose Entity, existing or newly formed)
EQUITY PLEDGE
Pledge of Equity from the owner is required
No Equity Pledge required
INTEREST RATE
Call for quote
Call for quote
TERM
5-, 7-, or 10-year with ballon due at end of term
30-year fixed
AMORTIZATION
Full amortization up to 30 years, with interest-only option available
Full amortization
MINIMUM FICO
660 (all Guarantors)
640 (all Guarantors)
MAXIMUM LOAN-TO-VALUE (LTV)
Up to 75% on purchase, limited cash-out refi, and cash-out refi
Up to 80% on purchase / limited cash-out refi, and 75% on cash-out refi
LOAN AMOUNT
$750K - $10MM
$200K - $5MM
($100K minimum property value)
PROPERTY OR UNIT ACQUISITION MINIMUM
5 units per loan
2 units per loan
EXPERIENCE
No first-time homebuyers
No first-time homebuyers
FOREIGN NATIONALS
  • Not allowed from ineligible country list
  • LTV is limited to 65%
  • Not allowed from ineligible country list
  • LTV is limited to 70% on purchase/limited cash-out and 65% on cash-out
PROPERTY TYPE Non-Owner Occupied:
  • Single Family Residences (SFR)
  • 2-4 unit residences
  • Condominiums: warrantable and non-warrantable (with reduced leverage)
  • Townhomes
  • Planned Urban Developments (PUD)
  • Multi-family, 5-20 units
 Non-Owner Occupied:
  • Single Family Residences (SFR)
  • 2-4 unit residences
  • Warrantable condos
  • Non-warrantable condos (max 65% LTV)
  • Townhomes
  • Planned Urban Developments (PUD)
  • Multi-family, 5-8 units