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

Displaying items by tag: rental home financing

Short Term Rental loanIntroduction: Why is it important to have a short term rental property?

Short term rentals are the best solution for landlord investors who are looking to cash-in on the Airbnb & vacation rental market. Renting a property for a few months or weeks allows affluent renters to live comfortably without having to worry about the big investment that comes with buying an apartment. 

Large fancy hotels have gone out of style and the service you provide gives them a home away from home. All they need is to find a place that suits their travel needs and that’s it! All you need is a place that makes them happy and meets your needs as well.

So in this article we go into what some of those needs are so you can get the best possible property for your short term rental investment loan.

Published in AirBnB

Blanket Mortgages for Rental HomesWelcome 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

 

TermTypeIndexPrepay prd.RecourseMax LTVMin. DSCRAmort.
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 NOW

 

Rental Home Financing Investment Loans

Published in Blanket Loans

Twelve Best Cities to Buy Rental Property

Tracking Down the Best Cities to Buy Rental PropertyBuying rental property can be an extremely lucrative investment. The key to making the most out it is to know where to buy. You’ll need the rundown on the best cities to buy rental property featuring high-growth areas with strong demand for rental housing to turn a profit.

The Twelve Best Cities to Invest in Rental Properties

While you know how important finding the right location is, finding it can be a challenge. Even more challenging is finding a variety of locations that can effectively diversify your portfolio.

Important things to look for when choosing cities to invest in are the growth rates for both jobs and rent prices.

With funding from direct money lenders, you can finance the purchase of rental properties in some of the hottest markets in the country. Here’s a look at some of the best cities to invest in.

Published in Real Estate Investors

How to Do a Cash-Out Refinance on Your Rental Property

What to Know About a Cash Out Refinance Rental PropertyBanks are not easy to work with when it comes to financing rental properties. To do a cash-out refinance on a rental property, you’ll need to work with a direct money lender. These lenders are not subject to the same stingy standards as banks.

Why do Investors Choose to Cash-Out Refinance?

Seasoned investors take advantage of refinancing their rental properties for a number of reasons. They may be able to qualify for a better loan than their original loan, a change in interest rates, the value of the property may increase, or may need to make some improvements.

Published in Real Estate Investors

What is a Residential Investor Stated Income Loan considered to be in 2022?

  • No Personal Tax Return Income Requirements
  • 2 Year BK Discharge OK (with rebuilt credit)
  • Partner Buyouts - OK
  • No W-2′s

YES…YES…YES!

Rental Home Financing unleashes a totally new lending platform and is now offering a loan program specifically tailored toward rental, income producing properties such as single family (1-4 units), condos, townhomes & multifamily apartments Nationwide. We lend on the verified lease income/cash flow and LTV of the rental properties not the personal income of the sponsor.  We do require re-established credit and a preferred minimum 650 FICO score.  Our stated investor requirements can be flexible as we are aggressively pricing each real estate transactions across the United States.

Obviously, stated income loans can be very useful for the investors and professional real estate operators looking to capitalize on today’s low rates and rising market valuations. Many loan programs such as Fannie Mae (FNMA), Freddie Mac (FMCC), many local and big banks are VERY tight with lending on residential rental income investment property and don’t be surprised if they ask you to sign away your first born too for added security.

With all of the new Dodd Frank regulations, there are many banks that have exited the market and many more investor and property owners who are not able to qualify for a traditional bank loans and have a true need to refinance existing debt or purchase a residential portfolio of real estate properties.

Realize your opportunity to take advantage of a currently fast paced residential rental real estate market, increasing property values, and competitive interest rates.

Rental Home Financing offers commercial stated income mortgage loans in most locations including:

Central StatesNorthern StatesPacific StatesSouthern StatesWestern States
Illinois Connecticut Arizona Alabama Colorado
Indiana Delaware California Arkansas Idaho
Iowa Maine Nevada Florida Kansas
Kentucky Maryland Oregon Georgia Montana
Michigan Massachusett Utah Louisiana Nebraska
Minnesota New Hampshire Washington Mississippi New Mexico
Missouri New Jersey   North Carolina North Dakota
Ohio New York   South Carolina Oklahoma
Wisconsin Pennsylvania   Tennessee South Dakot
  Rhode Island   Virginia Texas
  Vermont   West Virginia Wyoming

Call us today – 1-888-375-7977 and speak with one of our qualified representatives.
or
APPLY ONLINE NOW!

 

Published in Stated Investor