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Rental Properties
Rental Properties
Permanent financing of rental properties with long-term tenants. These loans use the rental cash flow and stabilized property value to determine the loan amount.
Property
Single-family, townhomes, warrantable condos, 2-4 units, and 5-10 units
Loans are restricted to investment properties; cannot be owner-occupied
Loan Features¹
30-year term; fully amortizing entire term or ARM available
$75,000 to $1.5 million loan amount
Up to 80% loan to value; 75% for cash-out
Borrower
660 minimum FICO; no recent foreclosures or bankruptcies
Entities only; a personal guarantee is required
Foreign nationals allowed at reduced LTV
No employment or income verification
Other Details
Close in 2-3 weeks
Appraisal with market rents
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