SINGLE-FAMILY RENTALS
Purchase or refinance non-owner occupied rental properties with 1-4 units
RATES STARTING AT 6.1%*
Our Single Family Rental loans provide you with a reliable funding source for your cash-flowing 1-4 family houses.
Key Facts About Our Single Family Rental Loans
- DSCR loan with no W2s, paystubs, or tax returns required
- Minimum 660 FICO
- Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units eligible
- Foreign Nationals eligible
Term
30-year fixed, arm options available
recourse
Full Recourse only
loan types
30-Year fixed rate mortgage (Fully Amortizing)
5/6, 7/6, 10/6 Hyrbid ARMs (Partial IO or Fully Amortizing)
experience
Not required
Loan purpose
Purchase, rate-term refinance, or cash-out of a single rental property
Minimum FICO
660
Borrower Type
Entity required
Interest Rate
Call for quote
Entity required
Property Type
Single Family Residences (SFR)
2-4 unit properties
Warrantable condos
Townhomes
PUD
Vacancy Maximum
Purchases only or leased within 30 days
Rural Properties
Not permitted
Foreign Nationals
Not allowed from ineligible country list
Lease Requirements
Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent
Unleased Units: 90% of Market Rent (Purchase Loans only)
Maximum Loan To Cost
If Owned < 3 months, 80% of Total Cost Basis
Minimum Loan Amount
$75k – $2MM
Maximum loan-to-value (ltv)
Up to 80% on purchase and rate & term. Up to 75% on cash-out
Property Or Unit Acquisition Minimum
1 property per loan
Minimum Debt Service Coverage Ratio (Gross Rent/Pitia)
1.10x
Seasoning Requirement (To use value vs. Cost basis)
180 days
READY TO SUBMIT A LOAN?
Why Choose Our Single-Family Rental Loan?
- We underwrite to the cash flow your property will produce, not your personal income.
- We help increase your rental portfolio, so you can grow at your own pace.
- Enjoy personalized service at every step, from application to funding.