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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

  • 1-4 Family Real Estate

  • Condos

  • Townhomes

  • 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.

Image by Blake Wheeler

PURCHASE LOAN

Maximum Loan-To-Value & Loan-To-Cost based upon Minimum FICO Score

660-679 FICO:

  • Up to 60% of the As-Is Value

  • Up to 60% of Loan-To-Cost

680-719 FICO:

  • Up to 70% of the As-Is Value

  • Up to 70% of Loan-To-Cost

720-739 FICO:

  • Up to 75% of the As-Is Value

  • Up to 75% of Loan-To-Cost

740+ FICO:

  • Up to 80% of the As-Is Value

  • Up to 80% of Loan-To-Cost

Image by Rowan Heuvel

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

Image by Giorgio Trovato

CASH-OUT LOAN

Maximum Loan-To-Value based upon Minimum FICO Score

680-719 FICO:

  • 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

Pre-Apply Now

Tell Us About Your Project & Will Provide You With An Estimated Loan Cost Worksheet

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