Long Term Rental Loan
Rental Investment Loan Program - LG353
Rental Investment Loan Program - LG353
Summary of all Guidelines | |
| Loan Types | DSCR Loan |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 6.5% |
| Points Minimum 1st TD | 1.5 |
| Points Maximum 1st TD | 2.5 |
| Terms | 3 year, 5 year, 7 year, 30 year |
| Typical Days Required to Fund | 11-15 Business days |
| Credit Score Min | 660 |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Lien Position | 1st |
| Documents needed | Application, Bank Statements - Business Account - 1 month, Driver's license, Entity documents for LLC, Corp or Trust, Lease Agreements, Purchase Contract, Rent Roll |
| Intended Occupancy | Tenant |
| General Pricing or Guideline info | Program Overview •Loan Amount: $75,000 - $5 Million •Term Length: 30 years •Max LTV: 80% •Amortization: 30 Year Fixed and 3, 5, 7, 10 Year •Interest Only Options •Interest Rate: Starting at 6.50% •Min. Credit Requirement: 660 FICO •Closing Time: 14 Days •Loan Use: Purchase, Refinance, or Cash out Rental Investment Loan Program A "Rental Investment" loan is a long-term loan used to purchase or refinance property with the intent to hold it for at least 3+ years in order to profit from the cash flow from the property and future appreciation. A Rental Investment loan is a great fit in the following situations: 1. When the property does not need renovations. 2. When you are looking to payoff a bridge loan which was used to renovate the property. 3. When the property is stabilized, leased up, or generating any income. 4. When you want a long term financing solution on rental investment property. At Capital Funding Financial, our rental investment loans close quickly...even in as little as 10-14 days at rates starting at 6.50%! Our Rental Investment loans require no personal income verification and very little documentation! |
| Updated as of | 2023-11-21 |
| Program Code | LG353 |
Program Overview
•Loans Amount: $75,000 - $5 Million
•Term Length: 30 years
•Max LTV: 80%
•Amortization: 30 Year Fixed and 3, 5, 7, 10 Year •Interest Only Options
•Interest Rate: Starting at 6.50%
•Min. Credit Requirement: 660 FICO
•Closing Time: 14 Days
•Loans Use: Purchase, Refinance, or Cash out
Rental Investment Loans Program
A "Rental Investment" loan is a long-term loan used to purchase or refinance property with the intent to hold it for at least 3+ years in order to profit from the cash flow from the property and future appreciation. A Rental Investment loan is a great fit in the following situations:
1. When the property does not need renovations.
2. When you are looking to payoff a bridge loan which was used to renovate the property.
3. When the property is stabilized, leased up, or generating any income.
4. When you want a long term financing solution on rental investment property.
At Capital Funding Financial, our rental investment loans close quickly...even in as little as 10-14 days at rates starting at 6.50%! Our Rental Investment loans require no personal income verification and very little documentation!
These descriptions are limited information and meant for general reference purposes.