Rental Property Loans for Real Estate Investors. Qualify on rental property income not personal income. Vacant ready to lease property - ok. Up to an 80% LTV cash-out.
Key Points
- Minimum Mid-FICO 620
- Qualifying income is based on rental income
- Refinance: No seasoning for Full-Appraisal Value
- Cash-out can be used for qualifying reserves
- No Minimum DSCR on vacant rent-ready property
General Terms
- $150,000 - $5 million
- LTV: Up to 80%
- Interest: from 4.50%
- Rate: Fixed or Hybrid ARM
- Fixed Term: 5, 7, 10 or 30 years
- Term: up to 30 years
- Amort: up to 30 years (partial interest-only available)
- DSCR: No minimum
- Multiple Prepayment Penalty Options
- Impounds Required
Collateral
- Condominium
- Single Family Home
- Townhouse
- Multifamily 2-4 Units
- Vacation Rentals (Airbnb, Seasonal, etc…)
Contact me to obtain a Soft Quote outlining the loan terms, cost and reserve requirements.
For additional information visit www.1-4investor.com. No upfront fee!
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Doug Braxton
Commercial Mortgage Broker
Braxton and Company
P: ((800) 230-1424
