Single Rental Loans

Purchase or refinance a single rental property with our Single Rental Loan

Get Started with Single Rental Loan

Our Single Rental Loan1 enables investors to purchase a new property to expand their rental portfolio. Investors use this Debt Service Coverage Ratio (DSCR) loan to refinance a property for a better rate, or take cash out to access equity.

Or, bundle 2+ properties (Portfolio Loan)

Key Facts About Our Single Rental Loan

  • DSCR loan with no W2s, paystubs, or tax returns required
  • No-fee alternative valuation and rent schedule option now available (for eligible properties18)
  • Funding up to 80% LTV for purchases and rate & term, up to 75% cash-out3
  • Property loans from $75K to $2MM13
  • Single Family Rental (SFR), condos, townhomes, PUD, 2-4 units eligible
  • Foreign Nationals allowed (70% LTV max, eligible countries only)
  • 30-year property loan terms
  • Minimum 640 FICO
Single Rental Loan
Loan Purpose
Purchase, limited cash-out, or cash-out of a single rental property 3
Borrower Type
Entity (Single Purpose Entity) or Individual
Property or Unit Acquisition Minimum
1 property per loan
Term
30-year fixed
Interest Rate1
Call for quote
Experience
No first time homebuyers
Minimum FICO
640
Maximum Loan-to-Value (LTV)4
Up to 80% on purchase and rate & term. Up to 75% on cash-out3
Minimum Loan Amount
$75K - $2MM13
Vacancy Maximum
Any vacancy requires a max LTV of 60% on refinance
Seasoning Requirement (to Use Value vs. Cost Basis)
90 days
Rural Properties
Ineligible
Foreign Nationals
  • Not allowed from ineligible country list
  • LTV is limited to 70%
Property TypeNon-Owner Occupied:
  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes

What Makes the Single Rental Loan Unique?

  • We treat your rental property like your own small business, and we underwrite to the cash flow it will produce, not your personal income.1
  • We don’t limit the number of rental properties you can own, so we give you maximum flexibility.9
  • We provide personalized service throughout the entire loan process – from quote to close.
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