Rental Properties
We offer 30-year amortizing mortgages for rental properties, including a 30-year fixed rate option for single assets and portfolios of up to 20 properties. These loans are based on rental cash flow, and interest rates start at 3.75%.
Property Types
1-4 unit single family homes, townhouses, and condominiums
Urban or suburban location (no rural properties)
Loan Features¹
Loan amount from $100,000
Minimum property value of $100,000
Minimum debt service coverage ratio of 1.10
Up to 80% loan to value for purchase or refinance, 75% LTV for cash out
30-year fixed rate, 10-year interest-only hybrid ARM, 5-year and 10-year balloon options
No tax returns or underwriting debt to income
Other Details
Loans made to entities
Personal guarantee usually required
Reduced LTV options for foreign nationals
Currently own rentals or use a third party property manager
Credit score over 660, no recent foreclosures or bankruptcies
AirBnB, vacation rentals, assisted living facilities not eligible
Interior appraisal with market rents
1 This is not an offer to extend credit. Loan terms, interest rate, origination points, and fees are based on loan to cost, loan to value, investing experience, credit history, and other factors. Additional criteria may apply, and all details are subject to change without notice.