Rental loans are a financing option for investors seeking a long-term solution at an attractive rate. Underwriting is heavily weighted on the DSCR (Debt-Service Coverage Ratio) and not the individual’s DTI (Debt-to-Income) ratio.
Standard Loan Terms:
- Rates from 6.75%
- Minimum FICO: 620
- Loans up to $5 million
- Single asset or portfolio
- 30-year term
- Interest-only options and ARMs are available
Property Types
- Condominiums
- Single-family residences
- Townhouses
- Two to four units (from 2 to 4 units, case by case, only with board approval)
- Multifamily and Mixed-Use