Single Property Rental Loan Program

Loan Purpose
Flexible financing for purchasing, refinancing, or pulling equity from a single rental property.

Loan Structure

  • 30-Year fixed-rate mortgage (fully amortizing)

  • Hybrid ARM options available: 5/6, 7/6, and 10/6 (interest-only or fully amortizing)

Recourse
Full personal guaranty required.

Borrower Requirements

  • Loans must be originated through an entity

  • Minimum credit score: 660

  • No prior experience needed

Property Eligibility

  • Single-family homes

  • 2–4 unit residential properties

  • Warrantable condominiums

  • Townhomes and PUDs

  • Rural properties not eligible

Loan Terms & Limits

  • Loan Amount: $75,000 – $2,000,000

  • LTV: Up to 80% for purchases and rate-term refis; up to 75% for cash-outs

  • If owned <3 months: Maximum 80% of total cost basis

  • Minimum 1 property per loan

Lease & Rent Requirements

  • Leased units: Underwritten to the lower of actual or market rent

  • Unleased units (purchases only): Underwritten to 90% of market rent

  • Must be either leased or expected to be leased within 30 days of closing

Minimum DSCR (Debt Service Coverage Ratio)
1.10x (Gross Rent ÷ PITIA)

Foreign Nationals
Accepted unless from restricted countries

Rental Portfolio Loan Program

Loan Purpose
Blanket financing solution for purchasing, refinancing, or pulling equity from a portfolio of income-producing rental properties.

Loan Structure

  • 30-Year fixed-rate mortgage (fully amortizing)

  • Hybrid ARM options: 5/6, 7/6, 10/6 (interest-only or fully amortizing options available)

Recourse
Full personal guaranty with a pledge of equity in the borrowing entity.

Borrower Requirements

  • Must borrow through a legal entity

  • Minimum FICO score: 680

  • Foreign nationals accepted (max 65% LTV)

  • Property seasoning of 180 days required to use market value vs. cost basis

Loan Terms & Limits

  • Minimum property value: $100,000

  • Maximum loan amount: $2,000,000

  • Max LTV: 80% for purchases and rate/term refinances; 75% for cash-out

  • Portfolio must maintain a minimum 90% occupancy rate by unit count

Lease & Rent Guidelines

  • Leased units: Underwritten to the lower of actual or market rent

  • Unleased units (for purchases): Underwritten at 90% of market rent

Minimum DSCR (Debt Service Coverage Ratio)
1.20x (Net Cash Flow ÷ Debt Service)

Eligible Property Types

  • Single-family residences (SFR)

  • 2–4 unit properties

  • Warrantable condos

  • Townhomes

  • PUDs

  • All must be non-owner occupied

  • Rural and seasonal/vacation rentals are not eligible

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