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Sunset Equity

Long Term Rental Loan
DSCR Rental Property Loans - LG329

Sunset Equity

Summary of all Guidelines

Loan Types DSCR Loan
Property Types 2-4 Units, Condo, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $100,000
Loan amount Maximum $5,000,000
Terms 30 year
Credit Score Min 680
Interest Only or Amortized Amortized and Interest Only Options available
Entities LLC - Limited Liability Corporation
Lien Position 1st
Intended Occupancy Tenant
Recourse Recourse
General Pricing or Guideline info All the details Loan Amount – $100,000+ LTV – Up to 80% on Purchase, Up to 80% on R/T, Up to 70% Refinance DSCR – 1.2+ Loan Term – 30yr FRM or 30yr FRM with I/O option FICO – 680+ Purpose of Loan – Purchase, Refinance, Cashout Collateral – SFR, Townhomes, Condos, 2-4 Units Geography – Nationwide Borrower – Single Purpose Entity Recourse – Full PG Amortization – Interest Only or Full Amortization
Updated as of 2023-11-14

All the details

Loans Amount – $100,000+

LTV – Up to 80% on Purchase, Up to 80% on R/T, Up to 70% Refinance

DSCR – 1.2+

Loans Term – 30yr FRM or 30yr FRM with I/O option

FICO – 680+

Purpose of Loans – Purchase, Refinance, Cashout

Collateral – SFR, Townhomes, Condos, 2-4 Units

Geography – Nationwide

Borrower – Single Purpose Entity

Recourse – Full PG

Amortization – Interest Only or Full Amortization

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