Long Term Rental Loan
EasyRent
Program #LG285
EasyRent
Program #LG285
![Easy Street Capital](https://lendding.com/wp-content/uploads/2024/09/2087398000068939001_accounts_photo-150x46.png)
Summary of all Guidelines | |
Loan Types | DSCR Loan |
Property Types | 2-4 Units, Condo, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $100,000 |
Loan amount Maximum | $3,500,000 |
Interest Rate Minimum | 6% |
Terms | 30 year, 5 / 6 month ARM |
Credit Score Min | 640 |
Interest Only or Amortized | Amortized and Interest Only Options available |
Entities | Corp - Corporation, LLC - Limited Liability Corporation, LP - Limited Partnership, Trust |
Lien Position | 1st |
General Pricing or Guideline info | - Property Types: Residential, Short-Term Rental, Vacation Rental up to 10 units. - Occupancy: Long-Term, Medium-Term, or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs. - Loan Structure: 30-Year Fixed Rate Mortgage Loans, Flexible Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed. - DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application). - Fees & Deposits: 0-3% Closing Fee, $1,000 Underwriting Fee, $1,500 Pass-Through Deposit (covering third-party loan costs). - DSCR: 0.75x minimum. |
Updated as of | 2024-02-23 |
- Property Types: Residential, Short-Term Rental, Vacation Rental up to 10 units.
- Occupancy: Long-Term, Medium-Term, or Short-Term Rentals, Vacancy OK (on Acquisitions), no operating history required on STRs.
- Loans Structure: 30-Year Fixed Rate Mortgage Loanss, Flexible Prepayment Penalties, Partial IO (10-Years) Available, Entities (i.e. LLCs) and partners welcomed.
- DTI: Not Applicable (We don’t require tax returns or evaluate your personal income or finances when evaluating your application).
- Fees & Deposits: 0-3% Closing Fee, $1,000 Underwriting Fee, $1,500 Pass-Through Deposit (covering third-party loan costs).
- DSCR: 0.75x minimum.
- Reed Morley
Director of Marketing
- Zach Deal
Senior Account Executive