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:

Loan Purpose	Purchase, limited cash-out (includes delayed financing), or cash-out
Borrower Type	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	Non-owner occupied
Minimum DSCR	1.15 required
Minimum FICO	700
Loan Amount	$100,000 Minimum to $2,000,000 Maximum
LTV Maximum	80% Purchase or Limited Cash-Out; 75% Cash-Out Refinance

Loan Purpose	Purchase, limited cash-out (includes delayed financing), or cash-out
Borrower Type	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	Non-owner Occupied
Minimum DSCR	1.00 required
Minimum FICO	700
Loan Amount	$250,000 Minimum to $3,000,000 Maximum

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	Up to 30 Year FRM and ARM
LTV (Loan to Value)	Up to 80% Purchase, Up to 80% Rate & Term Refinance, Up to 75% Cash-Out Refinance
Closing Timeline	As little as 3 weeks
Amortization	Up to 30 Year
Minimum FICO	620