LONG TERM RENTAL LOANS

Long-Term Rental Financing

Obtain long-term rental financing with 30-year terms and rates starting at 5%.

LOAN CRITERIA

Collateral:Non-Owner Occupied 1–4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

Rates:Starting at 5%

Term:30 Years

Amortization Options:30 Year Fixed, Hybrid ARMS (3/1, 5/1, 7/1),and Interest-Only (Up to 5 Years)

Loan Amount:$50K–$2M (Up to $3.5M for 2-4 Units)

LTV: Purchase:The Lesser of up to 80% of the As-Is Value or Up to 85% Loan-to-CostRefinance: Up to 80% of the As-Is ValueCash-Out: Up to 75% of the As-Is Value

Property Value:“As-Is” Appraised Value Must Be Greater Than $70K(Geographical Restrictions May Apply)

Credit Score:575 Minimum

Debt Service Coverage Ratio (DSCR):0.70