Residential Rental Loan Program
SFR, Duplex, Triplex, Quad, Condo, Townhomes
Cash-Out, Refinance and Acquisition Loans
Rates as low as 4.25%
- Nationwide (Primary, secondary and rural markets)
- No tax returns or income verification
- $250,000 to $2.5 million per property
- Cash-out or refinance up to 80% of appraised value (75% at 680 to 720; 80% at 720+)
- For cash-outs, escrow 3 months of PITA but don’t make monthly payment until the 4th month
- Finance 80% of purchase price
- Term: 30 year fixed, 5/1 ARM, 10/1 ARM or 5 year interest only plus 25 years fully amortizing
- 4.25%+ (rates vary with property cash-flow, LTV, credit scores and borrower experience)
- 30 year amortization
- Origination: varies
- Prepay: 5/4/3/2/1
- Must close in LLC or corporation
- 620+ mid FICO Credit Score
- Recourse (portfolio loans no-recourse)
- No bankruptcy, foreclosure, short sales or deed in lie in last 3 years
- 3 to 6 week funding
- No upfront fees
To submit your online loan request, click the blue GET STARTED Link for your PRE- APPROVAL Term Sheet within 2 business days. No upfront fees, credit cards, Social Security Numbers or credit checks are required for PRE-APPROVAL.
