Why Rental360 Loan is the Best in the Country
Our Lending Rental360 Loan Program is specifically designed for investors looking to grow their portfolios of single-family (1-4 unit) rental properties. We have the most experience in the industry and have the customization investors need for their investment strategies. Rental360 investors can choose their:
- Rate Structure:
Pick from a 5/1 ARM, 7/1 ARM, or 30-Yr Fixed. The 5/1 ARM and 7/1 ARMs are ideal for transitional rentals, while the 30-yr fixed is a more permanent financing option.
- Origination Fee:
Our standard origination fee is 1%, yet borrowers have the option to pay more or fewer points to either buy down their rates or pay less cash upfront.
- Prepayment Penalty:
A prepayment penalty is a contractual clause that states the borrower is going to pay the lender an additional fee if the borrower pays off the loan early. Our standard prepayment penalty is a 5-year structure, but if the borrower wants to pay the loan off sooner, they can opt for one of our 3-year structures.
Cash Flow Based Lender
Rather than look at the personal income of our investors, we looks at the monthly cash flow generated by the property compared to the debt. We do this using a metric called Debt-Service Coverage Ratio (DSCR). DSCR is calculated by dividing the monthly rent by the monthly principal, interest, taxes, insurance and association dues (PITIA). A DSCR of 1 indicates the investor is breaking even, and anything above a 1.2 is considered solid. Many investors that own multiple mortgaged rental properties have too much “debt” to qualify for traditional financing, so using DSCR rather than DTI enables them to acquire more rentals.
- Full 30 year terms, no balloons
- Streamlined qualification process emphasizing property level cash flow
- No tax returns required
- Up to 80% LTVs
- Simple haggle free pricing you can depend on
- Protect your identity and other assets by borrowing in a corporate entity
1. Rental Property Loans - cashout - refinance - purchase
Our Rental Loans which is we call "Rental360" Loan Program is perfect for professional investors looking to grow their portfolio of single-family rental properties.
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Our Loan Programs
1. Rental Loans
2. Commercial Loans
3. Vacation Rentals