Long-Term Rental Financing

Obtain long-term rental financing with 30-year terms and rates starting at 4.95%.

LOAN CRITERIA

Collateral:

Non-Owner Occupied 1–4 Family Real Estate; Condos; Townhomes;

Planned Unit Development (PUD)

Rates:  Starting at 4.95%

Term:  30 Years

Loan Amount:  $50K–$2M

LTV:

Purchase: The Lesser of Up to 80% of the As-Is

Value or Up to 80% Loan-to-Cost

Refinance: Up to 75% of the As-Is Value

Cash-Out: Up to 75% of the As-Is Value

Property Value:

“As-Is” Appraised Value Must Be Greater Than $75K

Credit Score:  650 Minimum

Debt Service Coverage Ratio (DSCR): 1.10

Fast Financing that Fits Your Real Estate Investments

Purchase

FICO                           MAXIMUM LOAN-TO-VALUE (LTV)            MAXIMUM LOAN-TO-COST (LTC)

720+                            Up to 80% of the As-Is Value                      Up to 80% Loan-t o-Cost

650 - 679 (or FN)       Up to 70% of the As-Is Value                      Up to 70% Loan-t o-Cost

680 – 719                    Up to 70% of the As-Is Value                      Up to 80% Loan-to-Cost

Refinance

FICO                             MAXIMUM LOAN-TO-VALUE (LTV)

720+                             Up to 75% of the As-Is Value

680 – 719                     Up to 70% of the As-Is Value

650 - 679 (or FN)         Up to 65% of the As-Is Value

Cash-Out

FICO                              MAXIMUM LOAN-TO-VALUE (LTV)

720+                              Up to 75% of the As-Is Value

680 – 719                      Up to 65% of the As-Is Value

650 - 679 (or FN)         Up to 60% of the As-Is Value