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Kiavi

Long Term Rental Loan
DSCR Loan - LG158

Kiavi

Summary of all Guidelines

Loan Types DSCR Loan
Property Types 2-4 Units, Condo, SFR
Lendding Area alabama, arizona, arkansas, california, colorado, connecticut, florida, georgia, illinois, indiana, kansas, maryland, minnesota, montana, nevada, new-jersey, new-york, north-carolina, oklahoma, oregon, pennsylvania, south-carolina, tennessee, texas, utah, virginia, washington, west-virginia, wisconsin, wyoming
Loan amount Minimum $75,000
Loan amount Maximum $1,500,000
Interest Rate Minimum 6.75%
Terms 5/1 ARM, 7/1 ARM, 30 year
Interest Only or Amortized Amortized and Interest Only Options available
Fees Application
Cross Collateralize Blanket Yes
Lien Position 1st
Prepayment Penalty 3+ years
General Pricing or Guideline info We do not need the property to be occupied, but we will limit the maximum ltv to 70%. We would need the tenant to be in the property prior to the application being started, and the dscr to be above 1.1 to lend the full 75%.
Updated as of 2023-05-05

We do not need the property to be occupied, but we will limit the maximum ltv to 70%.

We would need the tenant to be in the property prior to the application being started, and the dscr to be above 1.1 to lend the full 75%.

These descriptions are limited information and meant for general reference purposes.