Residential Rental Loans (1 to 9 Units)
Non-owner occupied single family homes, duplex, triplex, quad, warrantable condo and townhomes
Single property and portfolio loans
No upfront fees, tax returns or income verification
Cash-Out, refinance and finance purchase up to 80% LTV
Competitive interest rates
30-year fully amortizing, 5/1 ARM or 5-year interest only
Fast, streamlined funding in 3 to 5 weeks
- Nationwide (primary, secondary and rural locations)
- $250,000 to $2.5 million; portfolio loans: $500,000 to $20 Million+ (50% $75,000+ & other half $100,000+ appraised value)
- Cash-out / refinance up to 80% of appraised value with 720+ credit (75% @680 to 720; lower LTV @620 to 680)
- 30-year-fixed fully amortizing or 5/1 ARM (5 years fixed with 30-year amortization)
- Finance up to 80% of purchase price
- No monthly payments for cash-outs until 4th month after loans close (3 months PITA escrowed)
- Origination: 2 points
- Prepay: 3/3/3/2/1 for 5/1 ARM; 5/4/3/2/1 for 30-year-fixed
- Loans close in LLC, corporation or partnership name
- Non-recourse portfolio loans available with variable rates
- No bankruptcy, foreclosure, short sales or deed in lieu last 3 years
- Rates locked 15 days, after appraisals received. If loan doesn’t close within 15 days, floats until cleared to close for another 15 days
- No seller financing or second mortgages
- Warrantable condos 50% owner occupied, HOA dues 15% max 60 days past due and no more than 20% owned by one person
- No condotels, mobile homes, timeshares, commercial or mixed-use
- In-house loan servicing LO
- Processing fee: $2000
- Rent ready vacant properties financed using area monthly rents
- U.S. citizens, permanent residents, foreign nationals and first time investors welcome
To submit your online loan request, click the blue GET STARTED Link for PRE- APPROVAL within 48 business hours for qualified borrowers. No upfront fees, tax returns, income verification, credit cards, Social Security Numbers or credit checks required for PRE-APPROVAL.