top of page

​​​

​ Long Term rental Loan At a Snapshot ( Key Features)

 

 

Eligible collateral / occupancy

  • Non-owner-occupied investment properties
     

  • Single-family (1–4 units): 1–4 family real estate, condos, townhomes
     

  • Multi-family (5+ units): 5+ unit apartments (maximum 9 units)
     

Term, minimums, credit

  • Term: 30 years
     

  • Amortization options
     

    • 30-year fixed
       

    • Hybrid ARMs (5/1, 7/1, 10/1)
       

    • Interest-only options available
       

Single-family (1–4 units)

  • Minimum loan amount: starting at $75,000
     

  • Maximum loan amount: $1,500,000
     

  • Minimum property value: $115,000
     

  • Minimum credit score: 680
     

  • Prepayment: 0 to 5 year prepayment options available
     

Multi-family (5+ units)

  • Minimum loan amount: $150,000
     

  • Maximum loan amount: $1,500,000
     

  • Minimum value requirement: $100,000 per unit
     

  • Minimum credit score: 700
     

  • Prepayment: 0 to 5 year prepayment options available
     

Leverage (based on credit score)

Single-family (1–4 units)

Purchase (Maximum LTV / Maximum LTC)

  • 740+ FICO: up to 80% of the As-Is Value / up to 80% Loan-to-Cost
     

  • 700–739 FICO: up to 80% of the As-Is Value / up to 80% Loan-to-Cost
     

  • 680–699 FICO: up to 75% of the As-Is Value / up to 75% Loan-to-Cost
     

Refinance (Maximum LTV)

  • 740+ FICO: up to 80% of the As-Is Value
     

  • 700–739 FICO: up to 80% of the As-Is Value
     

  • 680–699 FICO: up to 75% of the As-Is Value
     

Cash-Out (Maximum LTV)

  • 740+ FICO: up to 75% of the As-Is Value
     

  • 700–739 FICO: up to 75% of the As-Is Value
     

  • 680–699 FICO: up to 70% of the As-Is Value
     

Multi-family (5+ units)

Purchase (Maximum LTV / Maximum LTC)

  • 740+ FICO: up to 70% of the As-Is Value / up to 70% Loan-to-Cost
     

  • 720–739 FICO: up to 70% of the As-Is Value / up to 70% Loan-to-Cost
     

  • 700–719 FICO: up to 70% of the As-Is Value / up to 70% Loan-to-Cost
     

Refinance (Maximum LTV)

  • 740+ FICO: up to 70% of the As-Is Value
     

  • 720–739 FICO: up to 70% of the As-Is Value
     

  • 700–719 FICO: up to 70% of the As-Is Value
     

Cash-Out (Maximum LTV)

  • 740+ FICO: up to 65% of the As-Is Value
     

  • 720–739 FICO: up to 65% of the As-Is Value
     

  • 700–719 FICO: up to 65% of the As-Is Value
     

D

 

 

 

 

 

 

 

 

 

ISCLAIMER

  • This is not an offer to lend; all offers of credit are subject to due diligence, underwriting, and approval. Not all borrowers will qualify and not all borrowers that qualify will receive the lowest rate or best terms. Actual rates and terms depend on a variety of factors and are subject to change without notice. 

​

​

​

bottom of page