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landlord loans

INVESTMENT PORTFOLIO MORTGAGES


New for 2019 - As Rental Home Financing enters our 6th year or arranging loans exclusively for landlords, we have recently negotiated a virtually unlimited amount of capital to deploy. Now with more aggressive underwriting guidelines, adjustable rate ARM products to help you grow your rental portfolio. Here are a few pointers to help you decide what is your best fit:

Single Property Loans

Ideal for the first time to the moderate investor that is acquiring new or restructuring debt. Loan features lower upfront cost, use of existing entities, no CAPEX requirements, expeditious closing times. Our Single Asset product is more aggressive underwriting and often more creative than Blanket Loans.

Blanket Loans

Best overall solution for active investors that have ~20 or more properties and are seeking lowest rate. Other reasons investors might seek this option would include minor credit issues, require non-recourse execution, or don’t mind longer term pre-payment penalties.

Vacation Rental - NO RATIO

AS the name implies, most aggressive business purpose investor product on the market today - Hands down - Perfect for higher end properties that simply don’t cash flow using traditional market rents. We simply require a qualified borrower and a property that shows pride of ownership in a well populated city.

Single Asset
Loans


Number of Properties:

1-500

Terms: 
3/1 - 5/1 -7/1 -10/1 - 30 year


Seasoning:
90 Days to 6 Months for 75%

Property Types:
SFR (1-4) Unit - Townhome - Condo,
Multifamily 5+ to 100 unit


DTI - DSCR Requirements:
1.0 - 1.20

CAPEX Required:
NO


Min Property Value:
75,000 and Up+

Loan To Value - (LTV):
75% - 80%


Credit Requirements:
600+ (product is credit sensitive)
>2 years out of bankruptcies
or other major credit events
No personal DTI Calculated

Loan Amounts:
$50,000 and up


Borrowing Entity:

LLC - LLP - Corporations
Land Trust - Personal Names

Borrower Income:
Not Verified - No Tax Returns


Self Managed Allowed:

YES

Amortization:
30 year - Interest Only


Recourse:

Recourse Only

Type of Transactions:
Purchase - Refinance - Cash out


Pre-Payment Penalties:

Step down or NO Penalties

Impounds:
Required


Lending Area:

Nationwide

Closing Agent:
Use your Closing Agent/Attorney


Other Notes:

NO Personal Income Verification
Property Based on Subject Cash Flow

Blanket
Loans


Number of Properties:

5 Property Minimum

Terms: 
3yr - 5yr - 7yr - 10yr


Seasoning:
90 Days

Property Types:
SFR (1-4) Unit - Townhome - Condo,
Multifamily 5+ to 100 unit


DTI - DSCR Requirements:
1.2x

CAPEX Required:
YES for best price, Options for NO.


Min Property Value:
$50,000

Loan To Value - (LTV):
75% Maximum


Credit Requirements:
600+ (product is credit sensitive)
>2 years out of bankruptcies
or other major credit events
No personal DTI Calculated

Loan Amounts:
$500,000 min


Borrowing Entity:

LLC - Newly Formed 


Borrower Income:
Not Verified


Self Managed Allowed:

YES

Amortization:
30 year - Interest Only


Recourse:

Recourse or Non-Recourse

Type of Transactions:
Purchase - Refinance - Cash out


Pre-Payment Penalties:

Yield Maintenance Standard

Impounds:
Required


Lending Area:

Nationwide

Closing Agent:
Suggested to use our Title Partner


Other Notes:

NO Personal Income Verification
Property Based on Subject Cash Flow

Vacation Rentals
NO RATIO


Number of Properties:

10-Jan

Terms: 
3/1 - 5/1 -7/1 -10/1 - 30 year


Seasoning:
1 Year for Cash Out

Property Types:
SFR (1-4) Unit - Townhome - Condo


DTI - DSCR Requirements:
NO DSCR RATIO Calculated

CAPEX Required:
NO


Min Property Value:
$350,000 Target

Loan To Value - (LTV):
75% Maximum


Credit Requirements:
600+ (product is credit sensitive)
>3 years out of bankruptcies
or other major credit events
No personal DTI Calculated

Loan Amounts:
$250,000 min


Borrowing Entity:

LLC - LLP - Corporations
Land Trust - Personal Names

Borrower Income:
Not Verified - No Tax Returns


Self Managed Allowed:

YES

Amortization:
30 year - Interest Only


Recourse:

Recourse Only

Type of Transactions:
Purchase - Refinance - Cash out


Pre-Payment Penalties:

Step down or NO Penalties

Impounds:
Required


Lending Area:

Most Areas in the USA

Closing Agent:
Use your Closing Agent/Attorney


Other Notes:

NO Personal Income Verification
Property Based on Subject Cash Flow

Rental Home Financing:

RHF LOGO BIGRental Home Financing specializes in landlord financing by providing permanent financing for investors with at least 1 property in most areas of the country with our innovative new programs geared toward the entrepreneur investor.

We will review the cash flow of the properties and ensure they cover the annual debt service ratios of >1.2 which is a commercial term for cash flow.

As private equity lenders that specialize in rental property, we don’t really care about your personal tax returns. We understand that most landlords write off expenses and may demonstrate a small or even loss on business returns. That’s ok with us…All of our decisions, are based on the LTV, credit, loan size, net worth, cash flow of the collateral.

There are several underwriting “buckets” that can be underwritten to based upon your specific loan requirements that offer competitive Non Bank products that enable you to expand your rental business!

If you don’t see what we offer, please contact us for a custom quote.

Call us today – 1-888-375-7977 and speak with one of our qualified representatives.