Rental
Real estate investors looking to purchase income-producing rental properties can scale and grow their portfolio quickly with our flexible rental program. Our entire process is completed in-house including underwriting, process, and funding. We can offer you fast, easy, and reliable funding for a purchase only, refinancing an existing property you own, or performing a cash-out refinance from the equity built in the home.
Rental Details
Property Value:
As-is value (or purchase price) greater than $100,000
Prepay Penalty:
5-year step-down (5-4-3-2-1); can be reduced to 2 years
Property Type:
Single Family and 2-4 Unit Multifamily
Minimum Liquidity:
Down payment, closing costs, 6-months mortgage pmts.
Credit Score (FICO):
Minimum 680, no serious delinquencies in past 2 years
Max Loan Ratios:
Up to 80% purchase or refi & 75% for cash-out refi
Location:
No rural. Not in AK, HI, NV, ND, SD, WY
Loan Term:
30 years