Welcome to the world of blanket loans. Blanket mortgages for rental homes cover more than one property on a single loan. A blanket mortgage is a single mortgage that covers more than one property. This can be useful for rental homes, as it can save time and money on closing costs.
Blanket mortgages can be used to cover multiple properties (2 or more, with no upper limit), and they typically have a lower interest rate than traditional mortgages. To gather more advantages of blanket loans, visit our page "How a blanket loan works". There is also more information on Wikipedia.
Competitive Fixed Rates
Lock in predictable payments with 5-year and 10-year fixed rate options on your blanket mortgage.
Portfolio Pricing
Larger portfolios often qualify for better rate tiers, rewarding the growth that builds wealth.
Rate Transparency
We quote rates based on your specific portfolio -- no bait-and-switch or hidden adjustments.
Cash Flow Focus
Fixed rates protect your cash flow projections from interest rate volatility for the life of the term.
How Much Funding Is Available for Blanket Mortgages?
We're backed by over $4 billion in earmarked financing for income-producing rental properties. This capital pool covers virtually any habitable property type rented to stable tenants, with loan amounts from $500K to $50 million. Investment property rates typically run 0.50-0.75 percentage points above primary-residence rates, and larger portfolios often qualify for better rate tiers.
Whether your portfolio consists of 1 or 3,000 doors, we have a solution. According to the Mortgage Bankers Association, non-QM lending -- which includes DSCR-based blanket programs -- has grown significantly as investors seek alternatives to conventional financing. Conventional lenders cap investors at 10 financed properties under Fannie Mae guidelines, but our blanket programs have no such limit. Investors with a single rental can start with our single property investor loan, while larger portfolios benefit from our 30-year fixed rate DSCR program.
Save on Closing Costs
One loan covering multiple properties means you pay closing costs once instead of multiple times.
1 to 3,000+ Properties
No limits on the number of properties. From small portfolios to large-scale investors, we have a solution.
Competitive Rates
Lower interest rates than traditional mortgages with 5 and 10 year fixed rate options available.
Call us today to discuss competitive rates. 888-375-7977 or Apply Online free.
Fixed-rate blanket mortgages give you the payment predictability that makes long-term portfolio planning possible
Get Your Blanket Loan Quote
Finance 2 or more rental doors under one blanket mortgage ($500K minimum). We offer 5, 10, and 30-year fixed terms with up to 80% LTV nationwide.
What Are the Blanket Loan Parameters?
Our blanket loan parameters include loan amounts from $500K to $50 million, 5-year and 10-year fixed rate options with 30-year amortization, up to 80% LTV, and a minimum 1.0x DSCR. All programs are full recourse and close in LLCs or corporate entities. Blanket loans can save investors 15-30% on total closing costs versus individual mortgages.
Check out our loan parameters for more specific information or simply call us to learn more about our blanket loan product.
Investment Mortgage Blanket Loan Chart
| Term | Type | Index | Prepay Prd. | Recourse | Max LTV | Min. DSCR | Amort. |
|---|---|---|---|---|---|---|---|
| 3 years* | 3/1 ARM | 30-Day Avg SOFR | Declining | Full recourse | 80% | 1.0x | 30yr / IO |
| 5 years* | 5/1 ARM | 30-Day Avg SOFR | Declining | Full recourse | 80% | 1.0x | 30yr / IO |
| 7 years* | 7/1 ARM | 30-Day Avg SOFR | Declining | Full recourse | 80% | 1.0x | 30yr / IO |
| 10 years* | 10/1 ARM | 30-Day Avg SOFR | Declining | Full recourse | 80% | 1.0x | 30yr / IO |
| 30 years | 30yr Fixed | 30yr Market | Declining | Full recourse | 80% | 1.0x | 30yr / IO |
* ARM terms have a fixed period followed by annual rate adjustments based on the 30-Day Average SOFR index. All programs offer interest-only options. Prepayment penalties use a declining step-down schedule (5-4-3-2-1-0%).
Security
- First Mortgage Lien or Deed of Trust, plus equity pledge of sponsor
- $500,000 to $50,000,000
- 5 and 10 year fixed rates are available
- Portfolios of 1 to 4 family rental homes, townhomes, condos and 5+ multifamily
- Cross collateralized and cross defaulted first mortgage and equity pledge
- Approved LLC or other commercial entity
- Up to 80% of BPO/appraised value
- 30 year amortization depending on price point, age and leverage
- Competitive market pricing
- Full recourse with LLC entity-based lending structure
If you already have your property in mind, you may want to try our Investment loan calculator.
Call us to discuss your opportunity! 888-375-7977 or Apply Now - Easy Online