Single Rental Property
-
Quick and easy
-
Generate term sheets fast with an automated loan pricer.
-
Borrower-friendly loan options
-
Fixed rate and hybrid ARMs, up to 10-year IO periods, easy step down prepayment penalty options.
-
Flexible rates and terms
-
With common-sense underwriting and concierge service from our team of experts, you will always offer your clients the loan that works best for them
Single Rental Property
Example Terms
​
TERM
30-year fixed, arm options available
​
RECOURSE
Full recourse only
​
LOAN TYPES
30-Year fixed rate mortgage (Fully Amortizing)
5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
​
EXPERIENCE
not required
​
LOAN PURPOSE
Purchase, rate-term refinance, or cash-out of a single rental property
​
MINIMUM FICO
600-660
​
BORROWER TYPE
Entity required
​
INTEREST RATE
call for quote
​
PROPERTY TYPES
Single Family Residences (SFR), 2-4 unit properties, Warrantable condos, Townhomes, PUD
​
VACANCY MAXIMUM
purchases only or leased within 30 days
​
RURAL PROPERTIES
not permitted
​
FOREIGN NATIONALS
not allowed from ineligible country list
​
LEASE REQUIREMENTS
Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent, Unleased Units: 90% of Market Rent (Purchase Loans only)
​
MAXIMUM LOAN TO COST
If Owned < 3 months, 80% of Total Cost Basis
​
MINIMUM LOAN AMOUNT
$75k - $2.5mm
​
MAXIMUM LOAN-TO-VALUE (LTV)
up to 80% on purchase and rate & term. Up to 75% on cash-out
​
PROPERTY OR UNIT ACQUISITION MINIMUM
1 property per loan
​
MINIMUM DEBT SERVICE COVERAGE RATIO (GROSS RENT/PITIA)
1.10x
​
SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS)
180 days
​
Terms and conditions expressed in this website can be changed without prior notice and are examples of what may be possible, we make no promise or guarantee that the borrower will receive these terms and conditions. Each loan stands on it's own merits or lack there of.
​