Residential Property Investment Loan Programs
These loan programs are available for small or large investors looking to build or refinance a portfolio of rental properties.
Loan Types Overview
The following loans are available across the United States. Feel free to give us a call for any questions about loan terms and flexibility.
PURCHASE AND REFINANCE
- Minimum Credit Score – 660
- -80% max financing
- -Funds to close not sourced or seasoned
- -Property does not have to be leased (Income determined by
market rent schedule on the appraisal) - -Seller concessions for closing costs and prepaids up to 6%
CASH OUT REFINANCE
- 70% LTV after 30 days of ownership
- 75-80% financing after a year of ownership
- Refinance while property is for sale
BRIDGE PRODUCT
- Minimum score 680
- Can do a bridge loan on house currently for sale
- No max loan amount
- No DSCR considered
- Cash out up to 75% LTV
- Reserves – 3 months PITI
- Can do interest only
BLANKET – PORTFOLIO PRODUCT
- $250k minimum loan amount
- Bundle all properties into 1 loan
- Max 7 properties max per loan
- Can do up to 75% cash out based on the whole bundle and can finance certain loan amounts for certain properties
- Reserves – 6 months PITI
No personal income verification or debt ratio limitations
Income is determined by market rent value of the property. Market rent value being a certain percentage above the loan payment value is the number one factor when obtaining this loan.