Long-Term Rental Loans
Long term financing for the purchase and refinance of non-owner occupied rental properties.
Obtain long-term rental financing with 30-year terms.
-
Term:
30 Years -
Loan Amount:
$55K–$2M -
LTV:
Purchase: The Lesser of Up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 70% of the As-Is Value -
Collateral:
Non-Owner Occupied 1–4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD) -
Credit Score:
680 Minimum -
Property Value:
"As-Is" Appraised Value Must Be Greater Than $100K -
Debt Service Coverage Ratio (DSCR):
1.20
Fast Financing that Fits Your Real Estate Investments
Purchase
FICO
740+- 720 - 739
- 680 – 719
MAXIMUM LOAN-TO-VALUE (LTV)
- The Lesser of Up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
- Up to 75% of the As-Is Value
- Up to 70% of the As-Is Value
MAXIMUM LOAN-TO-COST (LTC)
Up to 80% Loan-to-Cost- Up to 75% Loan-to-Cost
- Up to 75% Loan-to-Cost
Refinance
FICO
- 740+
- 720 - 739
- 680 – 719
MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 80% of the As-Is Value
- Up to 75% of the As-Is Value
- Up to 70% of the As-Is Value
Cash-Out
FICO
- 740+
- 720 - 739
- 680 – 719
MAXIMUM LOAN-TO-VALUE (LTV)
- Up to 75% of the As-Is Value
- Up to 70% of the As-Is Value
- Up to 65% of the As-Is Value
