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9465 Counselors Way Suite #200, Indianapolis, IN 46240


Rental Home Financing

Landlord30 Year mortgages.

Blanket Loan for 3 or more rental doors

Residential Rental Property

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 Loan is assumable with lender approval, with a fee equal to the >$10k or 1% of the loan amount
Monthly payment includes, Taxes, Insurance and Capex
Capex- $450 SFR- $350 2-4 Per Unit- $250 for multi units and condos (per year)
No income verification- qualifies on the cash flow of the portfolio

 

Rental Home Financing Investment Loans

Read 16764 times Last modified on Tuesday, 25 January 2022 10:25

Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240

 

Fast Online Loan Application
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CALL TODAY: 888-375-7977

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.

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