Long Term Rental Loan
DSCR |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $3,500,000 |
| Terms | 7 / 1 year ARM, 10 / 1 year, 30 year, 40 year |
| Typical Days Required to Fund | 20-30 Business days |
| Credit Score Min | 640 |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Entities | LLC - Limited Liability Corporation, Foreign National, Individual, Trust |
| Cross Collateralize Blanket | No |
| Lien Position | 1st |
| Max Points Charge by Broker | 3 |
| Prepayment Penalty | 5,4,3,2,1, 1 year, 2 years, 3+ years |
| Intended Occupancy | Tenant, Vacant |
| Fixed or Adjustable | Fixed |
| Recourse | Recourse |
| Reserve Requirement | None |
| Updated as of | 2024-04-19 |
| Program Code | LG444 |
