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Long Term
Rental Financing
Loan Criteria

Collateral
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
LTV
Purchase: The Lesser of Up to 80% of the As-Is Value or Up to 80%
Loan-to-Cost
Refinance: Up to 80% of the
As-Is Value
Cash-Out: Up to 75% of the As-Is Value
Loan Amount
$55K -$2M
Term
30 Years
Property Value
"As-Is" Appraised Value Must Be Greater than $50K
Credit Score
660 Minimum
Long Term Rental Financing-Debt Service Coverage
Ratio (DSCR)
1.10
Long Term Rental Financing-
Property Value
"As-Is" Appraised Value Must Be Greater than $100K
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