Posted by Hannah Lapin ● Oct 13, 2020 9:00:00 AM

A Look at Our Interest Only Loan Product

New 10-Yr Bridge Loan

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.

Loan Structure

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-Available in Arizona*, California*, Colorado, Florida, and Texas

 

General Requirements

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. 

Contact Us

Check out our Investor Resources for everything you need to know to grow your rental portfolio!

*All loans are originated by Visio Financial Services Inc. Visio Financial Services Inc. is licensed by the California Department of Business Oversight as a California Finance Lender, license number 60DBO-56345 as well as by the Arizona Department of Financial Institutions as a Arizona Mortgage Banker, license number 1010600. Visio Financial Services Inc. company NMLS ID number is 1935590. 

Related: 3 Ways to Customize Your Visio Loan, Why You Should Choose a Specialized Rental Lender

Topics: Real Estate Investing, Finance, The Visio Box