A Loan Program Designed for Only One Thing: Vacation Rentals

The market for vacation rentals is unique and distinct from the traditional property market. Vacation home rentals are a whole different breed of property investment and can bring in a steady stream of income that differs from traditional methods.

Common sense underwriting of your short-term rents

  • Full 30-year term (no balloons) for your peace of mind
  • No tax return requirements
  • Simple, haggle-free pricing you can depend on
  • Protect your identity and other assets by borrowing in
  • A corporate entity

Who are Rental Property Loans Suited For?

Our rental loans are suitable for Airbnb, VRBO or rental property owners that want to take advantage of fixed financing rates to purchase or refinance a rental property.

  • No personal residences.

Property Types of Rental Property Fund

We lend on single-family rental properties, 2 to 4 units, townhomes, planned unit developments, or condominiums. All properties must be non-owner occupied. Foreign nationals are subject to a lower loan to cost (LTC) and loan to value (LTV) thresholds.

How do Rental Property Loans Work?

We require a minimum score of 650+ and a $150,000 loan amount. All of our loans are serviced and underwritten in-house, for a 7-10 business days funding time. Once you have filled out an application and been pre-qualified for your loan you will need to provide specific documentation.

Rental Property Program Criteria

To get a Rental Property Loan started you will need:

  • A minimum of 1 stabilized rental property for 12 months
  • A 650+ minimum score
  • $150,000 up to $2,500,000 non-owner-occupied property
  • 2 months of recent bank statements
  • Credit score and background check
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Terms

  • DSCR / Debt yield requirements on a case by case basis
  • Rates from 8.25%
  • 6 – 36 months flexible terms
  • No prepayment penalty

Find Out How Much Funding You Qualify For