skip to Main Content

Long Term Residential Rental Loans (1 to 8 Units)

Non-owner occupied single family homes, duplex, triplex, quad, warrantable condo and townhomes  

Single property and portfolio loans

Cash-Out, refinance and finance purchase up to 80% LTV

Rates as low as 7.25%+

30 year term fully amortizing, 5/1 ARM or 5 year interest only 

No upfront fees, tax returns or income verification

Fast, streamlined funding in 3 to 5 weeks

  1. Nationwide (primary, secondary and rural locations) 
  2. $500,000 to $2.5 million loan amount per property
  3. Portfolio loans: $1 Million to $20 Million+ ($50,000 to $2.5 Million per property)
  4. Cash-out or refinance 80% of appraised value with 720+ credit (75% @680 to 720; lower LTV @620 to 680)
  5. 30 year fixed term fully amortizing or 5/1 ARM with 30 year amortizaton
  6. Finance 80% of purchase price
  7. For cash-outs: no monthly payments until 4th month after loans funded (3 months PITA escrowed)
  8. Rates vary by 30 year fixed versus 5/1 ARM,  credit score, LTV, DSCR cash-flow and/or if buy-down rate 
  9. Origination: varies
  10. Prepay: 5/4/3/2/1 
  11. Must close in LLC, corporation or partnership name
  12. Recourse (non-recourse portfolio loans available with variable rates)
  13. No bankruptcy, foreclosure, short sales or deed in lieu in last 3 years 
  14. Rates locked for 15 days, when appraisals received. If loan doesn’t close within 15 days, floats until cleared to close and must close within 15 days
  15. No seller financing or second mortgages
  16. Warrantable condos must be 50% owner occupied, HOA dues 15% max 60 days past due and no more than 20% owned by one person
  17. No condotels, mobile homes, timeshares, commercial or mixed-use
  18. In-house loan servicing LO 
  19. Rent ready vacant properties financed based on area monthly rents
  20. Eligible borrowers: U.S. citizens, permanent residents and foreign nationals
  21. First time investors welcome

To submit your online loan request, click the blue GET STARTED Link for PRE- APPROVAL within 48 business hours. No upfront fees, tax returns, income verification, credit cards, Social Security Numbers or credit checks required for PRE-APPROVAL.

Back To Top