Mon – Fri 9-6 EST
Sat-Sun Closed
9465 Counselors Way Suite #200, Indianapolis, IN 46240


Blanket Loan for 3 or more rental doors.

5 & 10 YearFixed Rates

Lending Matrix for Blanket loans of 3 or more rental doors on residential rental property.

Geography Nationwide Financing (Except North Dakota, South Dakota, Alaska & Hawaii)
Loan Purpose Purchase or Refinance, Cash out
Loan Amount Range $300k-$50MM
Terms 5 or 10 year fixed rate balloon with up to a 30 year amortization
MAX LTV Up to 75% on stabilized lease ready properties (SFR, TH, 2-4 family, Condos) & Multi units (max 20 units)
Credit Grid No Bk’s last 2 years and No Foreclosures
Recourse Options
Credit Score Max LTV
680 75
670 70
660 65
Non Recourse 620 Minimum credit score for US Citizens
LTV for Non-recourse will be based on overall credit/loan profile
Foreign Nationals treated as Non-recourse, OK up to 75%
Minimum DSCR 1.15% ** Interest only available at 70% LTV and below, 670 score needed
Minimum Property Value $50k for 75% LTV, $40k- $49.9k limited to 50% LTV Multi Family $30k per unit
Prepayment Penalties
Term Standard Step Down
5 Year Term Yield Maintenance 5-4-3-2-1 (25bps rate add on)
10 Year Term Yield Maintenance 10-9-8-3-2-1 (25bps rate add on)
Seasoning After 90 days of ownership we will lend off appraised value
<90 days ownership we will lend off cost basis (purchase price + rehab)
Occupancy

10 or more doors

90%
5-9 Doors 80%
Multi-unit properties 85%
 Fees Third party Appraisal Fees collected upfront at deposit to submit
RHF charges 1-2% origination and $2500 underwriting fee at close
Customary title charges at close
No application fees
General UW Tips
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Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240

ABOUT US
Rental Home Financing originates commercial blanket loans with a commercial purpose and is not currently authorized to make such loans in 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). 

CALL TODAY: 888-375-7977
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