Rates are calculated based on your middle credit score, the Loan-to-Value (LTV), and Debt Service Coverage Ratio (DSCR)
Check out our various loan products and associated rates/guidelines below:
Our Rental360 loan program is perfect for the professional investor looking to grow their portfolio of single-family rental properties. With a full 30 year term, no balloon payments and a choice of either a 5/1 ARM, 7/1 ARM or 30 year fixed interest rate structure, The Rental360 enables professional investors to build wealth over the long-term by locking in competitive interest rates and eliminating the risk of forced sales or refinances.
Transparency is important to us, so you can see right here how we determine interest rates. To read the tables below, find your estimated credit score in the left column. Then estimate your DSCR by dividing your expected monthly property rent by your expected principal, interest, taxes and association dues, and select the corresponding column. Then select your desired LTV. (For 7/1 ARM pricing, add 20 bps to the rates below. For 30 Year Fixed pricing, add 55 bps to the rates below.)
5/1 ARM Pricing
Refinance on 3 to 7 properties with one closing and monthly payment:
Our Rental360 Portfolio+ loan allows you to refinance on 3-7 properties all at once. With just one closing and one monthly payment, it's perfect for investors looking to simplify their portfolio. Available as a 5/1 ARM, 7/1 ARM or 30 Year Fixed. For loan amounts of: $400k or more, add 50 bps to the single asset rate (5/1 ARM shown above); $300k-$399k, add 112.5 bps to single asset rates; less than $300k, add 150 bps to single asset rates.
Experienced investors with growing portfolios can maximize their LTV after
owning a property for only 3 months. Recycle your cash faster without proving
improvements! Restrictions apply - contact us for more information.
Minimum Property Value: $75K
Minimum Loan Value: $45K*
*Loan amount caps in place based on credit score:
$100K min. property value (mpv) for properties in Baltimore, Philadelphia, and D.C. $125K mpv for SFR properties and $75K mpv per unit for 2-4 unit properties in Cuyahoga and Cook Counties.
Additional requirements and stipulations apply for LTVs above 75% and DSCRs <1.0.