Long Term Rental Loan
Long-Term (30 yr Fixed) Rental Loan Program: - LG453
Long-Term (30 yr Fixed) Rental Loan Program: - LG453
Summary of all Guidelines | |
| Loan Types | DSCR Loan |
| Property Types | 2-4 Units, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $55,000 |
| Loan amount Maximum | $3,000,000 |
| Interest Rate Minimum | 5.75% |
| Interest Rate Maximum | 9.75% |
| Points Maximum 1st TD | 2.5 |
| Terms | 5 year, 1 year, 2 year, 3 year, 4 year |
| Credit Score Min | 680 |
| Fees | Appraisal |
| Entities | LLC - Limited Liability Corporation |
| Cross Collateralize Blanket | No |
| Lien Position | 1st |
| Max Points Charge by Broker | 5 |
| Prepayment Penalty | 5,4,3,2,1 |
| Fixed or Adjustable | Fixed |
| Reserve Requirement | 1 month |
| Updated as of | 2024-02-18 |
| Program Code | LG453 |
These descriptions are limited information and meant for general reference purposes.
