LONG TERM RENTAL
A type of loan for real estate investors that will hold a property for rental income and manage with tenants for the long term.
LOAN TERMS
LTVs Up to 80% for Purchase/Rate and Term, 75% for Cash-Out
Minimum Credit Score of 660
Loan Amount from $55K - $2M
5/1 ARM, 7/1 ARM, and 30-Year Fixed Rates
Non-Owner occupied 1–4 Unit Family Properties (Including Condos and Townhomes)
Interest Rates from 7.50%
For Acquisition or Refinancing of Rental Properties
Loan Origination Points from 1%
Minimum DSCR: 1.10
No Application Fees