Looking to Purchase a Property to Hold for as a Rental Property?
This program offers a 30-year term and rates starting at 6.15% to ensure that our customers have true long-term financing options.
Loan Criteria
Collateral:
Non-Owner Occupied
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1-4 Family Real Estate
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Condos
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Townhomes
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Planned Unit Development (PUD)
LTV:
Purchase: 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
Amortization Options:
30-Year Fixed, Hybrid ARMS (5/1, 7/1, 10/1) &
Interest-Only Options Available
Property Values:
“As Is” Appraised Value Must Be $100k or Greater
(Geographical Restrictions May Apply)
Loan Amount:
$55,000 – $2,000,000
Rates:
​Starting at 6.15%
Minimum FICO:
660
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
PURCHASE LOAN
Maximum Loan-To-Value & Loan-To-Cost based upon Minimum FICO Score
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660-679 FICO:
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Up to 60% of the As-Is Value
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Up to 60% of Loan-To-Cost
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680-719 FICO:
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Up to 70% of the As-Is Value
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Up to 70% of Loan-To-Cost
​
720-739 FICO:
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Up to 75% of the As-Is Value
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Up to 75% of Loan-To-Cost
​
740+ FICO:
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Up to 80% of the As-Is Value
-
Up to 80% of Loan-To-Cost
REFINANCE LOAN
Maximum Loan-To-Value based upon Minimum FICO Score
​
680-719 FICO:
-
Up to 70% of Loan-To-Cost
​
720-739 FICO:
-
Up to 75% of Loan-To-Cost
​
740+ FICO:
-
Up to 80% of Loan-To-Cost
CASH-OUT LOAN
Maximum Loan-To-Value based upon Minimum FICO Score
​
680-719 FICO:
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Up to 65% of the As-Is Value
​
720-739 FICO:
-
Up to 70% of the As-Is Value
​
740+ FICO:
-
Up to 75% of the As-Is Value