Investors in some states can now take advantage of our Rental360 Interest Only loan product, which includes a ten-year interest only period followed by a 20-year amortization period. At Visio, we strive to tailor our loan programs to meet the needs of our investors, and we strongly believe the new IO product will enable investors to quickly grow their rental portfolios. Here is a closer look at the loan structure and general requirements of this new product.
Offering- Purchase, Rate & Term Refinance, Cash-Out Refinance
Loan Type- Single Asset Only
Rate Structure- 5/1 ARM, 7/1 ARM, 30-Yr Fixed
Geography- Nationwide except: AK, DE, ID, MN, NE, NV, ND, OR, RI, SD, UT, VT*
Property Type- 1 Unit Single Family Residential Rentals
Borrower Type- Investor Only, Individuals LLCs, corporations and limited partnerships. U.S. Citizens, permanent and non-permanent resident aliens
FICO Score- Minimum 680
Key Program Features
- Full 30 year terms, no balloons
- No tax returns required
- Simple haggle free pricing you can depend on
- Protect your identity and other assets by borrowing in a corporate entity
Ready to take advantage of this new product offering? Contact us for more information and to get started on your loan.
Check out our Investor Resources for everything you need to know to grow your rental portfolio!
Related: Complete Guide to Visio’s Residential Rental Loans, Why You Should Choose a Specialized Rental Lender