Rental Loans

This is a specialized loan designed for individuals interested in purchasing properties for rental purposes. It offers flexibility to invest in various property types, including single houses, small apartment buildings, townhouses, vacation homes, and condos. Repayment options include a 30-year term or alternative payment plans, providing borrowers with flexibility and choice.

Our rental loan program offers a valuable solution for individuals seeking to save money by refinancing their high-interest loans into lower interest rate options. This program proves particularly advantageous for property investors who have completed property renovations and are now renting out their units. Known as the BRRRR strategy, it enables investors to repeat this process, acquiring additional units with minimal long-term investment. Furthermore, this program is also suitable for those interested in purchasing properties without renovating them. The loan eligibility is determined based on the Debt Service Coverage Ratio (DSCR).

If you’re considering real estate investment, securing a loan is a crucial step. Our rental loan offers competitive rates tailored to the duration of property ownership, whether short or long term. Known as a “light-doc” loan, it eliminates the need for income documentation. Instead, we assess the potential rental income to determine loan eligibility. To qualify, your rental income should exceed monthly expenses like property taxes and insurance, ideally by 1.0-1.2 times the loan and expenses. Generating a profit beyond expenses is a positive sign. Trust us to help you navigate the world of real estate investment with ease.

This investment approach has gained substantial popularity. It entails leveraging a short-term loan, easily obtainable, to swiftly acquire a property. The property’s condition and value are assessed based on its potential worth after necessary repairs. Often, the property can be enhanced to rapidly increase its value. The loan typically amounts to only 65% of the property’s value. Once the property is rented out, one can refinance the loan and access additional funds to cover various expenses. This strategy allows for complete reimbursement of the loan, and even offers an opportunity for additional income. The underlying concept is to generate earnings from renting the property and utilize them to repay the loan, thereby enabling rapid wealth accumulation through informed decision-making.