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Displaying items by tag: rental home finance loan
Welcome to the World of Blanket Loans
Blanket mortgages for rental homes to 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 up to four properties, 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. Or if you are ready, APPLY ONLINE FREE.
Over 4 Billion Dollars Available to Blanket Mortgages for Rental Homes
We are backed by over 4 billion dollars of financing that has been earmarked for deployment in 2022 for most any property type that is habitable and rented to stable tenants. With this much money available, we can offer you a competitive mortgage rate and terms that will best meet your needs.
Contact us today to learn more about how we can help you finance your rental property. Whether your property portfolio consists of 1 or 3,000, we more than likely have a solution to help you grow your business.
Call us today to discuss competitive rates. 888-375-7977 or APPLY ONLINE FREE.
Blanket Loan Parameters
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 for 2022
| Term | Type | Index | Prepay prd. | Recourse | Max LTV | Min. DSCR | Amort. |
|---|---|---|---|---|---|---|---|
| 5 years* | Fixed | 5-year Swap | Options | Non-recourse | 75% | 1.20x | 30 years |
| 5 years* | Fixed | 5-year Swap | Options | Full recourse | 75% | 1.20x | 30 years |
| 10 years* | Fixed | 10-year Swap | Options | Non-recourse | 75% | 1.20x | 30 years |
| 10 years* | Fixed | 10-year Swap | Options | Full recourse | 75% | 1.20x | 30 years |
Security:
- First Mortgage Lien or Deed of Trust, plus equity pledge of sponsor.
- $500,000 to $5,000,000+
- 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 75% of BPO/appraised value
- 30 year amortization depending on price point, age and leverage
- Competitive market pricing
- Non-recourse to key principals except for customary bad act carveouts
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
APPLY NOW - EASY ONLINE NOWRental Home Financing Investment Loans
Published in
Blanket Loans
Tagged under
What are some of the benefits of a Rental Home Financing loan versus a traditional residential home loan?
Rental Home Financing’s loan products are specifically tailored for rental property investors that have been acquiring houses over the past several years. We understand the limitations Fannie Mae, Freddie Mac and local banks have on this type of property.
Everyone you speak with on our team, is dedicated to serving this undeserved segment of the market.
As a responsible rental property owner, you're always looking for ways to improve your bottom line. And one of the best ways to do that is by refinancing investment property with a loan that has more favorable terms.
A Rental Home Financing loan offers a number of benefits that you just can't get with a traditional residential home loan. For starters, our loans are available with terms of up to 30 years, which means you can take advantage of lower monthly payments. Additionally, our loans don't require any personal income documentation, so you can get approved even if you're self-employed or have other complicated financial circumstances.
But perhaps the biggest benefit of all is that our loans allow you to finance up to 80% of the value of your investment property, which can help you free up cash for other investments or simply provide more breathing room in your budget.
Keep reading to learn more benefits available with our loan rental home loan financing.
Published in
Investment Loan Education Center
Tagged under
Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240
About Rental Home Financing:
Rental Home Financing, as the best mortgage lenders we originate rental home loan products and cash out refinance investment property loans as the best investment property refinance lenders. Commercial blanket loans are available with a commercial purpose to suit your needs.
Also, as DSCR loan specialists, we are currently authorized to make such loans in most all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). When you are ready to get a mortgage for rental property, we are ready to serve you.