Key Facts About Our Single Residential Rental Loan

• DSCR loan with no W2s, paystubs, or tax returns required
• Property loans from $150K to $3MM
• 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
• We offer Loan Solutions!

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Here is one example of our Single Rental Loan that 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.

Single Rental Loan

• LOAN PURPOSE – Purchase, limited cash-out, or cash-out of a single rental property
• BORROWER TYPE – Entity (Single Purpose Entity) or Individual
• PROPERTY OR UNIT ACQUISITION MINIMUM – 1 property per loan
• TERM – 30-year fixed
• INTEREST RATE – Call for quote
• EXPERIENCE – No first-time homebuyers
• MINIMUM FICO – 640
• MAXIMUM LOAN-TO-VALUE (LTV) – Up to 75% on purchase and rate & term. Up to 70% on cash-out
• MINIMUM LOAN AMOUNT – $75K – $3MM
• 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 TYPE – Non-Owner Occupied:
  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Condos
  • Townhomes

To Learn more Phone Dan Cassel 866-310-1112 or Email Danc@dansrealestateloans.com