Buying And Holding?
Despite the Fed’s decision to hold the federal funds rate steady last week, our DSCR rates remain competitive. The ongoing economic uncertainty is keeping Treasury rates low in the secondary market which is keeping a lid on mortgage rates for now.
As a direct private lender, we have the latitude to offer rates and leverage that our competitors simply cannot. For borrowers with some experience and excellent credit, our rental rates start at 6.5%.
For our rental loan program overall, here are the current terms:
📌. Leverage To 80% of LTV For Purchase/Rate/Term Refi
📌. Leverage To 80% of LTV For Cash-Out Refinance
📌. Residential 1-4 Unit and Multi-Family 5-8 Unit
📌. 30/20/15 Year Fixed or 5/7/10 Year ARM
📌. Minimum Credit Score 640+
Our DSCR rates are often less than those offered by traditional financial institutions and big banks. Consider this your opportunity to lock in at a great rate with us.
Don't qualify for the 6.5% rate? Don’t be discouraged. We can work with you to craft a loan package that will meet your specific needs.. So, if you are looking for a long-term rental solution for your next real estate investment project, contact us to get a quote.