Articles

CAPex fund – Why do I have to escrow money for repairs?

CapEx escrow reserves were previously required on blanket loans to cover major repairs like roofs and HVAC. This feature has been discontinued.

How do you underwrite the borrower?

DSCR-based underwriting uses rental income, not personal income. No tax returns or W-2s needed. International investors eligible through standard DSCR programs.

Is your loan assumable?

Yes, blanket loans are fully assumable for a 1% fee. Transfer your loan to a qualified buyer without prepayment penalties.

Do you allow partial release clauses?

Blanket loans allow a 25% principal reduction to the original loan balance. Full partial release clauses are not standard.

I understand your spreadsheet, how do we demonstrate 2-4 units and multifamily?

List each unit on a separate line in the portfolio spreadsheet. Includes prepayment penalty schedules and closing cost breakdowns.

Will you loan on coops?

Co-ops are not eligible for financing due to share-based ownership. Condos and non-warrantable condos are accepted alternatives.

Are these blanket loans kept on your balance sheet or ultimately sold on the secondary market?

Our blanket loans are securitized and sold to the secondary market, ensuring competitive rates and consistent capital for borrowers.

Do you allow seller held financing?

Seller-held financing and second mortgages are not allowed on blanket loan portfolios. Explore alternative acquisition strategies here.

What is your percentage for a Down payment on Multifamily (5+Units) in Florida?

Multifamily properties with 5+ units require a 25% down payment. No personal income verification needed. Available in all 48 states.

Would you lend on 3 lots if you also had a house free and clear in the mix?

Vacant lots are not eligible for financing even with a free-and-clear house. All portfolio properties must be leased rental structures.

Is there a minimum lease period?

Tenants need a minimum 12-month initial lease. After that, month-to-month is acceptable. Section 8 and voucher leases also qualify.

What types of Portfolio Lending Programs are Available?

Portfolio loan programs for purchase, refinance, and cash-out. Up to 80% LTV, 30-year amortization, and LLC entity lending available.

Are there minimum seasoning requirements on ownership?

Flexible seasoning on rate-and-term refinances. Cash-out refinances typically require 180-day ownership seasoning. Rental Home Financing offers competitive seasoning terms for rental portfolio investors.

Can I finance properties that are not currently leased?

Finance rental properties with up to 10% vacancy. At least 90% of portfolio units must be leased at closing to qualify for a blanket loan.

Can I hire a professional property manager to manage my portfolio?

Yes, hire a property manager for your financed portfolio. Managers need 2+ years experience and must meet lender approval requirements.

Are any reserves required to set up and maintain the loan?

Blanket loan reserves include tax and insurance escrows collected monthly. Learn about reserve requirements and how escrow accounts work.

Who is and what type of entities can qualify as borrowers?

LLCs, corporations, and trusts qualify as borrowers. Single property DSCR programs may also close in an individual name.

Is there a limit to the amount of money I can borrow?

Borrow $500K to $50M on rental portfolios. Loan amounts are based on 80% LTV and a minimum .75x DSCR on property cash flow.

What are some of the benefits of a Rental Home Financing loan versus a traditional residential home loan?

DSCR loans vs traditional mortgages: no income docs, no property limits, entity lending, assumable loan terms, and full recourse structures.

Can I manage my own properties?

Self-manage your rental portfolio with a blanket loan. Experienced landlords can serve as their own property manager after approval.

What states are eligible for lending?

Rental Home Financing lends in 48 states. Only Alaska and North Dakota are excluded. Finance multi-state portfolios under a single blanket loan.

Who is Rental Home Financing?

Rental Home Financing is an Indianapolis-based direct lender specializing in blanket mortgages for rental portfolios from $500K to $50M+.

What property types are NOT considered?

Excluded property types include manufactured homes, mobile homes, hotels, co-ops, vacation rentals, and properties under $75K.

What property types are considered?

We finance single-family rentals, condos, townhomes, multifamily apartments, and Section 8 housing across 48 states.

What are the advantages of Rental Home Financing’s Loans?

No income verification, one payment for your entire portfolio, entity-based lending, and assumable loans. See all blanket loan advantages.

Contact Rental Home Financing

Contact Rental Home Financing in Indianapolis for blanket mortgage loans, DSCR loans, and rental portfolio financing nationwide.

Let's Get Your Investment Financed

Speak with a lending specialist today. Competitive rates for rental property investors nationwide.

Apply Now Call 888-375-7977