Despite all the chaos of 2020, at Visio Lending we are closing loans. In fact, we have closed over 9,000 loans across the country and are continually helping investors grow their rental and vacation rental portfolios. Our flexible loan programs can be customized to meet your investment needs. For instance, the investor who is building a legacy of rental properties to give to their heirs and keep in the family forever, can choose our 30-year terms and buy their rates down. Here are some examples of what we've coined as "Permanent Rentals" that have closed in October and November 2020.
Fredericksburg, Virginia- Single Family Permanent Rental
- Loan Amount: $135,500
- Rate Structure: 30-Year Fixed
- Origination Fee: 2% (Buy down rates)
- Loan Type: Cash-Out Refinance
Middle River, Maryland - Single Family Permanent Rental
- Loan Amount: $175,000
- Rate Structure: 30-Year Fixed
- Origination Fee: 2% (Buy down rates)
- Loan Type: Rate & Term Refinance
Loveland, Ohio - Single Family Permanent Rental
- Loan Amount: $195,000
- Rate Structure: 30-Year Fixed
- Origination Fee: 3% (Buy down rates)
- Loan Type: Rate & Term Refinance
Asheville, North Carolina - Single Family Permanent Rental
- Loan Amount: $200,000
- Rate Structure: 30-Year Fixed
- Origination Fee: 3% (Buy down rates)
- Loan Type: Rate & Term Refinance
Independence, Missouri - Single Family Permanent Rental
- Loan Amount: $112,000
- Rate Structure: 30-Year Fixed
- Origination Fee: 4% (Buy down rates)
- Loan Type: Cash-Out Refinance
Montgomery, Texas - Single Family Permanent Rental
- Loan Amount: $103,600
- Rate Structure: 30-Year Fixed
- Origination Fee: 3% (Buy down rates)
- Loan Type: Cash-Out Refinance
Does this strategy align with your goals? Check out our Complete Guide to Permanent Rentals.
Keep in mind, our Loan Programs are subject to change. For the latest updates, sign up for our emails or contact your Account Executive. Be sure to visit the Visio Blog for resources on financing, real estate investing, landlording, and more.