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Welcome to our Residential Rental Home and Second Home Loan page.
Since 2009, Dan Cassel and the Trinity Mortgage Broker team from San Diego, California have successfully delivered Aggressively Priced, Higher LTV, Residential Rental and Secondary Home Loan Solutions for both Salaried and Self-Employed Borrowers.
This occurs by successfully allowing Top, Selected Institutional Banks, and Mortgage Banking Funds to compete Daily for “Our” Borrower’s Primary, Secondary and Investment Residential Mortgage Loan Business. If they offer the Best “Rental or Secondary” Refinance or Purchase Loan terms to our Borrower’s, they may win the deal. We believe competition is good!
Our Proprietary Lending Platform Technology and Loan Documentation Expertise additionally allows us to qualify a Borrower’s Income Documentation and Loan Details with our Banking Sources quickly, offering the most valuable Rental and Secondary Home Loan Products for their needs.
Who is our “Rental ” Home Loan Product for?
Our products are generally designed more for more experienced Investors and Borrowers who are busy capitalizing on the rapidly growing Rental Markets in California and throughout the USA. They are seeking real-time loan solutions in a demanding Housing market with tight closing timelines. Investors need experienced, “Value Add” Mortgage Experts, their Lending team, and Network of resources to explore solutions and to help organize Investment loans today.
Banks look deep into recent and future earnings of all Borrowers, so good Documentation, Liquidity, and detailed Loan teamwork needs to occur. Our Borrowers often seek Loan Solutions with less Documentation and timelines. We get that!
What is the latest to qualify for a California Rental Home Loan?
Generally, most of our Investment Loans occur in California. We do lend Nationwide, with a few state exceptions. The current California Home Rental market is running strongly, with Lenders generally qualifying Borrowers at up to 85% + Loan to Value using Full Loan Documentation or Limited Loan Documentation Products. Often we see A+ Credit and typically credit scores of over 720. Cash Out Loans are available and Rates have dipped.
The more liquid reserves and long-term job/income stability, the better in the current lending markets. They typically will want to review your primary home loan too.
We also offer California Rental Home Loans that are using Bank Statements or Debt Service Coverage Ratios (DSCR) as income documentation to qualify for both a Investment Purchase and Refinance.
Our Rental Loan and Secondary Home Loan Products:
We use FNMA, Non-QM loans or DSCR Rental Loan options for A Borrowers in California with very attractive pricing on Solid Borrower profiles in today’s low-rate environment. Many of our Rental loans and even Secondary Home Loan products offer amazing 30-year Fixed Rate Loans or even Interest only loan features. Some loans list no employment on the Loan application and just use Rental Income.. That is great News for Real Estate Investors!!!
We are glad to review your Rental Home loan questions. Our loan products can help Builders as inventory increases into the winter and long-term rental options appear more favorable. We are glad to review Docs and Scenarios for your current projects.
Note: Residential Rental Loans typically close in 21-45 days, not 3 MONTHS. Lenders will require full appraisals and often Rental Income Surveys. Detailed information on current employment, reserves and continued income stability are still very closely looked at by banks. The more the better.
Rental/Investment Loan Products:
- Outside of California we offer Solid, Aggressive Rental and Bridge Loan financing on single and multiple properties of many types. (No primary residences)
- We offer Debt Service Coverage Ratios (DSCR) Loans- Typically No Employment needed on 1003. Glad to review DSCR details.
- Cash out is common and acceptable.
- Lending is solid for Non-Rural, Investment Property Loans over $200,000 and we can do them in any volume, typically.
- Most of these loans are about 65-70-80% Loan to value and vary in pricing from Low FNMA Loan Rates to a slightly higher Non-QM Loan rate.
- There are no point loans out there, however for Cash Flow, “Borrower Paid” Loan options where the Borrower pays the fees seems more common. Borrowers take today’s low rates. Prepays are becoming more common for first 3 years if someone is holding the loan they get.
- Non-QM Rental Loans can use 12 or 24 Month Personal or Business Bank Statements (over 700 score). One or the other.
- Jumbo Rental loans of all types, Units ok!
Loan Terms offered
- 5/1, 7/1 ARMS.
- 30 Year Fixed Rate
- Interest only features
- Open to loan amount, generally up to $3.0 Million
Here are a few more details:
- Limit on number of properties typically 16
- Lower your blended higher-rate Mortgage 1st and 2nd loans into a single Mortgage ( no cash out last 12 MO- OK!)
- Minimum FICO score 700 + and clean 4 year plus history.
- Properties considered leased if the lease term is 9-24 months (Between Unrelated parties-Arm’s Length)
- Experience-Owns Primary-
- Min SF sq. footage requirements SFR 700 sq. ft. 2-4 units-400 sq. ft. per unit
*Shorter term Bridge Loans may also be a solution- Cross? Great alternative to obtain fast cash!
For more detailed information on Mortgage Rates and Terms and to take advantage of today’s Low Mortgage interest rates in California, please tell us more and one of our Mortgage Experts will get right back to you! Phone 866-310-1112 OR to get started online and request a quick response request Click Here.
Our Mortgage Loan Process typically occurs in under 30-45 days, even for cash out loans.
Dan’s Free Consultation request includes:
- Quickly Identifying your Real Estate Loan Goals.
- Discussing suitable Mortgage Products, Pricing, Timelines.
- Discussing the Documentation you can supply, pricing
- Creating a road map to achieve your goals via Analysis.
- Access to Bank Underwriting Teams to review scenarios with us
- Review Borrower Questions, discuss how our Loan Processing works
Borrower Sponsor details we typically need to learn more:
- Copy Of Mortgage Statement (s) and Notes
- Zip code of Rental(s)
- Purchase or REFI?
- Resume or simple summary of Investment Property experience/
- Schedule of RE owned
- Online Loan Application and credit score info
- Project summary may be needed
- Exit Strategy feedback
- Borrower details- Entity
- Income Documentation, Assets, and a Personal Financial Statement typically at some point.
Our Mortgage Loan Platform and solid FNMA and NON-QM Loan Networks allow us to deliver Purchase and Refinance “Investment” Mortgage loans throughout California and the US that many “Full Service” Banks typically just do not offer.
