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(800)865-9011

Visio Lending

Long Term Rental Loan
30 Year Loans for Residential and Vacation Rental Properties - LG60

Visio Lending

Summary of all Guidelines

Loan Types DSCR Loan
Property Types Multi Family, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $100,000
Loan amount Maximum $3,000,000
Interest Rate Minimum 7%
Points Maximum 1st TD 4
Terms 30 year
Credit Score Min 680
Interest Only or Amortized Amortized Only
Entities LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation, Individual
Lien Position 1st
Max Points Charge by Broker 5
Prepayment Penalty 5,4,3,2,1, 5,5,5,5,5, 3,2,1, 1 year
Intended Occupancy Vacant, Tenant
Reserve Requirement 6 months
General Pricing or Guideline info * Min loan $100,000 amount & min value of $150,000 * We take 3rd party appraisals with no transfer letter- reach out for more information, we review dozens of competitor's appraisals per month! * Rates on LTRs just dropped 94.5 bps since December! * Par pricing is back for our brokers - 45 day locks at appraisal payment! * 80 LTV on long-term rental purchase and RT refi- 75% cash-out * 1.00 gross DSCR on all loans - DSCR under 1 available. Interest-Only available. * Rural locations usually OK-no hit to LTV - exceptions apply * We love big loans- no hit to rate from 200k-1.5MM * YSP up to 2% is available * No NMLS required except CA and AZ
Updated as of 2024-02-23

* Min loan $100,000 amount & min value of $150,000
* We take 3rd party appraisals with no transfer letter- reach out for more information, we review dozens of competitor's appraisals per month!
* Rates on LTRs just dropped 94.5 bps since December!
* Par pricing is back for our brokers - 45 day locks at appraisal payment!
* 80 LTV on long-term rental purchase and RT refi- 75% cash-out
* 1.00 gross DSCR on all loans - DSCR under 1 available. Interest-Only available.
* Rural locations usually OK-no hit to LTV - exceptions apply
* We love big loans- no hit to rate from 200k-1.5MM
* YSP up to 2% is available
* No NMLS required except CA and AZ

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