Rental Property Financing Updates 2021
Grow your Rental Business with Rates Starting in the 5’s for 30 yr
Fix and Flip Rates Starting at 7.49%
What we are seeing from our preferred private lenders January 2021
Funding typically within 10 Days*
Rental Property Financing updates:
- Rates in the 5’s (1/2021)
- 80% LTVfor a new rental-purchase/rate & term
- 75% LTV for a cash-out.
- Minimum FICO score of 680 (650 for premium)
- Minimum purchase price for a rental property – $100k
- Minimum market value for a refinance – $110k
- We also offer portfolio (recourse and non-recourse) rental refinance loans.
- Rates and fees determined by experience, credit worthiness, project type and size.
- Personal Consulting, Multiple Lenders, Online App or Paper
Call (317) 589-0118 to discuss your deal and the best options for you
or click below to schedule a consultation.
Fix and Flip Loans
Funding typically within 10 Days*
- Up to 90% financing towards the purchase price, 100% financing on repairs, capped at 75% of the ARV with a floor rate of 7.49% for qualified Borrowers.
- Experience: 1 flip in the past 2 yrs or own at least 2 rental properties.
- Minimum purchase price for a bridge loan (fix and flip) is $75K.
- Both the purchase and repair costs for a min net loan of $75k.
- We also offer portfolio (recourse and non-recourse) rental refinance loans.
- Rates and fees determined by experience, credit worthiness, project type and size.