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

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

Borrower Type

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?

single family rental

Why Choose Our Single-Family Rental Loan?

Interested in joining our team as a Broker or Loan Originator, click here.

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