Long Term Rental Loan
Single Rental Loans
Program #LG499
Single Rental Loans
Program #LG499
Summary of all Guidelines | |
| Loan Types | DSCR Loan |
| Property Types | 2-4 Units, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $2,500,000 |
| Interest Rate Minimum | 7.25% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 2 |
| Terms | 5 / 6 month ARM, 7 / 6 month ARM, 10 / 6 month ARM, 30 year |
| Credit Score Min | 660 |
| Lien Position | 1st |
Key Facts About Our Single Rental Loans
- DSCR loan with no W2s, paystubs, or tax returns required
- Minimum 660 FICO
- Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units eligible
Foreign Nationals allowed
What Makes the Single Rental Loans Unique?
- We treat your rental property like your own small business, and we underwrite to the cash flow it will produce, not your personal income.
- We don’t limit the number of rental properties you can own, so we give you maximum flexibility.
- We provide personalized service throughout the entire loan process – from quote to close.
These descriptions are limited information and meant for general reference purposes.- Katina Magac
