Long-Term and Short-Term Rentals

Collateral: Non-owner Occupied 1-4 Family Residential Properties; Condos; Townhomes; Portfolios, and short term rentals
Term: 30 Years
Amortization Options: 30-Year Fixed; Interest only, and ARMs
Loan Amount: $55-$1.5M
LTV for 1-4 unit properties:
Purchase: Up to 80% of purchase price (700+ score)
Refinance: Up to 80% of the As Is Value (700+ score)
Cash-Out: Up to 75% of the As Is Value (700+ score)
Rate: Starting at 6.0733% for 1-4 family properties
Credit Score: 680 minimum
Prepayment Penalty: 0-5 years, shorter prepay periods will have higher rates
Minimum DSCR of 1.10, if credit less than 720, minimum DSCR of 1.20

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