Rental Loans
Long-term financing for Rental Property investors. Finance a Single Property or Portfolio new Purchase, Refinance to stabilize terms, or Refinance & take cash-out to acquire additional rental properties & increase your portfolio & cash-flow. Check out our many options for Rental Loans below:
Single Property Rental Loan Overview
Loan Purpose
Borrower Type
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity or Individual (see full matrix for details)
Eligible Properties
Single Family Residences, attached or detached (inc. PUD)
Ineligible Properties
Rural, Multifamily, Mixed-Use, Manufactured, Warrantable & Non-Warrantable Condos, Condotels, Farms, Storage Facilities, Commercial Properties, Land, Section 8, Modular Homes, Private Roads, Unpermitted Additions Legal Non-Conforming that can't be rebuilt, among others as indicated in guidelines.
Refinances of a Property Listed for Sale in the last 12 Months
Properties listed and on the market for longer than 180 days; Credit Policy review & exception required. The lowest list price since the property has been listed on MLS must be utilized for loan valuation purposes
Occupancy
Minimum DSCR
Minimum FICO
Loan Amount
LTV Maximum
Non-owner occupied
1.15 required
700
$100,000 Minimum to $2,000,000 Maximum
80% Purchase or Limited Cash-Out;
75% Cash-Out Refinance
Multi-Family (Single Property) Rental Loan Overview
Loan Purpose
Borrower Type
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity Only (see full matrix for details)
Eligible Properties
5-8 Unit Multifamily
Ineligible Properties
Any properties listed for sale in the last 6 months, Rural, Mixed-Use, Manufactured, Condotels, Farms, Storage Facilities, Commercial Properties, Land, among others as indicated in guidelines
Occupancy
Minimum DSCR
Minimum FICO
Loan Amount
Non-owner Occupied
1.00 required
700
$250,000 Minimum to $3,000,000 Maximum
Portfolio's Rental Loan Overview
Loan Type
Purchase, Refinance, Cash-Out Refinance
Asset Type
Single Family
2-8 Unit Residential
Town Home
Condominium
Mixed Use (minimum 51% residential)
Loan Size
$300,000-$20,000,000
Loan Term
LTV (Loan to Value)
Up to 30 Year
FRM and ARM
Up to 80% Purchase, Up to 80% Rate & Term Refinance, Up to 75% Cash-Out Refinance
Closing Timeline
Amortization
Minimum FICO
As little as 3 weeks
Up to 30 Year
620