30 Year Rental Loans are perfect for those investors wanting to build a rental portofolio
✓ Purchase & Delayed Financing
Up to 80% Loan to Value/Loan to Purchase Price
✓ Rate and Term Refinance
Up to 80% Loan to Value
✓ Cash Out Refinance
Up to 75% Loan to Value
✓ Asset Types: SFR, 2-4, Condos & Townhomes
✓ Interest Rates: 4.5%+
✓ Origination Points: 0-2
✓ Processing/Legal Fee: $1,495
✓ Term Length: 30 Years
✓ Credit Score: 650+
✓ Prepayment Penalty: 5/4/3/2/1 or 3/2/1
✓ Locations: Nationwide, typically needs to be in cities with populations of 7,500+ (lender will determine location eligibility)
✓ Rural Properties/Mobile Homes: No
✓ Short Term Rentals: Yes
✓ Minimum Loan Amount: $55,000
✓ Maximum Loan Amount $3,500,000
✓ Liquidity Requirements: Down payment + Closing Costs + 6 months of PITI payments reserves
✓ 100% of Purchase Price
✓ 100% of Construction Funds
✓ Up to 75% of the ARV
Asset Types: SFR, 2-4, Condos & Townhomes, 5+
✓ Interest Rate: 10-12%
✓ Origination Points: 1.5-3
✓ Processing/Legal Fee: $1,495
✓ Term Length: 6 Months
✓ Credit Score: 620+
✓ Prepayment Penalty: None
✓ Liquidity Requirements: Down payment + 10% of the rehab budget + Closing Costs + 6 months of interest payment reserves
Ideal for short term rentals. No lease agreement required.
✓ Up to 70% LTV/LTPP
✓ Asset Types: SFR, 2-4, Condos & Townhomes, 5+
✓ Interest Rate: 6.99%
✓ Origination Points: 0-2
✓ Processing/Legal Fee: $1,495
✓ Term Length: 3 Years
✓ Credit Score: 620+
✓ Prepayment Penalty: 1 Year, 1 Point
✓ Liquidity Requirements: Down payment + Closing Costs + 6 months of Interest Reserves
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