Rental Loans
Long-term financing for Rental Property investors. Finance a Single Property or Portfolio new Purchase, Refinance to stabilize terms, or Refinance & take cash-out to acquire additional rental properties & increase your portfolio & cash-flow. Check out our many options for Rental Loans below:
Premier Single Property Rental Loan Overview
Loan Purpose
Borrower Type
Eligible Properties
Occupancy
Minimum DSCR
Ineligible Properties
Minimum FICO
720
Non-owner occupied
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity or Individual (see full matrix for details)
Single Family Residences, attached or detached (inc. PUD)
Rural, 2+ Unit Properties, Mixed-Use, Manufactured, Warrantable & Non-Warrantable Condos, Condotels, Farms, Storage Faciliites, Commercial Properties, Land, Section 8, Modular Homes, Private Roads, Unpermitted Additions Legal Non-Conforming that can't be rebuilt, among others as indicated in guidelines.
1.20 required
$150,000 Minimum to $2,000,000 Maximum
80% Purchase or Limited Cash-Out; 75% Cash-Out
Loan Amount
LTV Maximum
Loan Purpose
Borrower Type
Eligible Properties
Experience
Occupancy
Minimum DSCR
Ineligible Properties
Minimum FICO
Entity or Individual (see full matrix for details)
80% Purchase or Limited Cash-Out; 75% Cash-Out
$100,000 Minimum to $3,000,000 Maximum
1 rehabbed or constructed property sold or stabilized in the last 36 months OR 12 months experience owning income-producing real estate within the most recent 36 months
1.00 required
680
Loan Amount
LTV Maximum
Purchase, limited cash-out (includes delayed financing), or cash-out
Single Family Residences, attached or detached (inc. PUD), warrantable condos and 2-4 unit properties
Non-owner occupied, business purpose only
Rural, Mixed-Use, Manufactured, Non-Warrantable Condos, Condotels, Farms, Storage Facilities, Commercial Properties, Land, Section 8, Modular Homes, Private Roads, Unpermitted Additions Legal Non-Conforming that can't be rebuilt, among others as indicated in guidelines
Properties listed and on the market for longer than 180 days; Credit Policy review & exception required. The lowest list price since the property has been listed on MLS must be utilized for loan valuation purposes
Refinances of a Property Listed for Sale in the last 12 Months
Standard Single Property Rental Loan Overview
Loan Purpose
Borrower Type
Eligible Properties
Occupancy
Minimum DSCR
Ineligible Properties
Minimum FICO
SPR Min FICO - standard
Non-owner occupied
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity or Individual (see full matrix for details)
• Single Family Residences, attached or detached (inc. PUD)
• 2-4 Unit
• Warrantable Condo
• Non-Warrantable Condo (65% max LTV)
Rural, Mixed-Use, Manufactured, Condotels, Farms, Storage Faciliites, Commercial Properties, Land, among others as indicated in guidelines
1.10 required
$90,000 Minimum to $3,000,000 Maximum
80% Purchase or Limited Cash-Out; 75% Cash-Out
Condos >25 years old and >5 stories must have an acceptable structural inspection reflecting no structural issues
Loan Amount
LTV Maximum
FL Condo Requirements
Loan Purpose
Borrower Type
Eligible Properties
Occupancy
Minimum DSCR
Ineligible Properties
Minimum FICO
SPR Min FICO - standard
Non-owner occupied
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity or Individual (see full matrix for details)
• Single Family Residences, attached or detached (inc. PUD)
• 2-4 Unit
• Warrantable Condo
• Non-Warrantable Condo (65% max LTV)
Rural, Mixed-Use, Manufactured, Condotels, Farms, Storage Faciliites, Commercial Properties, Land, among others as indicated in guidelines
1.10 required
$90,000 Minimum to $3,000,000 Maximum
80% Purchase or Limited Cash-Out; 75% Cash-Out
Condos >25 years old and >5 stories must have an acceptable structural inspection reflecting no structural issues
Loan Amount
LTV Maximum
FL Condo Requirements
Loan Purpose
Borrower Type
Eligible Properties
Occupancy
Minimum DSCR
Ineligible Properties
Minimum FICO
660
Non-owner occupied, business purpose only
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity or Individual (see full matrix for details)
• Single Family Residences, attached or detached (inc. Condo/PUD)
• 2-4 Units: max 80% LTV
• Warrantable Condo
• Non-Warrantable Condos
• Condotel
Rural, Mixed-Use, Manufactured, Farms, Storage Facilities, Commercial Properties, Land, among others as indicated in guidelines
1.00 required
$75,000 Minimum to $3,000,000 Maximum
85% Purchase; 80% Limited Cash-Out; 75% Cash-Out
Loan Amount
LTV Maximums
3-Year PPP required. The lowest list price since the property has been listed on MLS must be utilized for loan valuation purposes. Properties listed and on the market for longer than 180 days; Credit Policy review & exception required.
Refinance of Property Listed for Sale in the last 6 Months
Expanded Single Property Rental Loan Overview
Loan Purpose
Borrower Type
Eligible Properties
Ineligible Properties
Occupancy
Minimum DSCR
Loan Amount
State Specific Requirements
FL Condo Requirements
Minimum FICO
SPR Min FICO
Max 75% LTV for Purchase and Max 70% LTV for Refinance in AZ, CT, ID, IL, LA, NJ, NY
Condos >25 years old and >5 stories must have an acceptable structural inspection reflecting no structural issues
Non-owner Occupied
SPR Loan Purpose
Entity or Individual (see full matrix for details)
Ineligible Properties - expand
• Single Family Residences, attached or detached (inc. PUD)
• 2-4 Unit (75% max LTV)
• Warrantable Condo (75% max LTV)
• Non-Warrantable Condo (65% max LTV)
No minimum, but 1.00 required at max LTV
$100,000 Minimum to $3,000,000 Maximum
Loan Purpose
Borrower Type
Eligible Properties
Ineligible Properties
Occupancy
Minimum DSCR
Loan Amount
Minimum FICO
660
Non-owner occupied, business-purpose only
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity or Individual (see full matrix for details)
Rural, Mixed-Use, Manufactured, Farms, Storage Facilities, Commercial Properties, Land, among others as indicated in guidelines
• Single Family Residences, attached or detached (inc. Condo/PUD)
• 2-4 Units
• Warrantable Condo
• Non-Warrantable Condo (5% Reduction from Max LTV; See new Appendix B to SPR Guidelines)
0.80
$100,000 Minimum to $3,000,000 Maximum
Properties listed and on the market for longer than 180 days; Credit Policy review & exception required. The lowest list price since the property has been listed on MLS must be utilized for loan valuation purposes
Refinance of Property Listed for Sale in the last 6 Months
Foreign National Single Property Rental Loan Overview
Loan Purpose
Borrower Type
Eligible Properties
Occupancy
Minimum DSCR
Ineligible Properties
Minimum FICO
700, if credit score available
Non-owner occupied, business purpose only
75% Purchase; 70% Limited Cash-Out; 65% Cash-Out
Loan Amount
LTV Maximums
Properties Listed for Sale in the last 6 Months
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity or Individual (see full matrix for details)
• Single Family Residences, attached or detached (inc. Condo/PUD)
• 2-4 Units
• Warrantable Condo
• Non-Warrantable Condo
• Condotel
Rural, Mixed-Use, Manufactured, Farms, Storage Facilities, Commercial Properties, Land, among others as indicated in guidelines
3-Year PPP required. The lowest list price since the property has been listed on MLS must be utilized for loan valuation purposes. Properties listed and on the market for longer than 180 days; Credit Policy review & exception required.
1.00 required
$100,000 Minimum to $2,000,000 Maximum
Multifamily Rental Loan Overview (single property)
Loan Purpose
Borrower Type
Eligible Properties
Occupancy
Minimum DSCR
Ineligible Properties
Minimum FICO
SPR Min FICO
Max 75% LTV for Purchase and Max 70% LTV for Refinance in AZ, CT, ID, IL, LA, NJ, NY
Non-owner Occupied
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity or Individual (see full matrix for details)
• 5-8 Unit Multi-Family
• 2-8 Unit Mixed-Use
Rural, Mixed-Use, Manufactured, Condotels, Farms, Storage Faciliites, Commercial Properties, Land, among others as indicated in guidelines
1.00 required
$400,000 Minimum to $2,000,000 Maximum
Loan Amount
State Specific Requirements
Loan Purpose
Borrower Type
Eligible Properties
Occupancy
Minimum DSCR
Ineligible Properties
Minimum FICO
700
Non-owner occupied, business purpose only
Purchase, limited cash-out (includes delayed financing), or cash-out
Entity only (see full matrix for details)
5-8 Unit Multifamily
Any properties listed for sale in the last 6 months, Rural, Mixed-Use, Manufactured, Non-Warrantable Condos, Condotels, Farms, Storage Faciliites, Commercial Properties, Land, among others as indicated in guidelines
1.00 required
$250,000 Minimum to $3,000,000 Maximum
Loan Amount
Portfolio Rental Loan Overview
Loan Purpose
Borrower Type
Eligible Properties
Required Property Count
Minimum DSCR
Ineligible Properties
Minimum FICO
700
Minimum 2 Properties and Maximum 10 Properties
Purchase, limited cash-out (includes delayed financing), or cash-out
(combination of purchase and refinance in one loan not allowed)
Entity only (see full matrix for details)
• Single Family Residences, attached or detached (inc. Condo/PUD)
• 2-4 Units
• Warrantable Condo
Rural, Mixed-Use, Manufactured, Non-Warrantable Condos, Condotels, Farms, Storage Facilities, Commercial Properties, Land, among others as indicated in guidelines
1.10 required
$400,000 Minimum to $5,000,000 Maximum
$75,000 Minimum to $1,000,000 Maximum
80% Purchase or Limited Cash-Out; 75% Cash-Out
Loan Amount Total
Min/Max Loan Amount Per Property
LTV Maximums
