Rental Loans | |
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Type of Collateral | 1-4 Unit Non Owner Occupied Properties, Condos, Townhomes, Duplexes, Triplexes and Single Family Homes |
Use of Loan | Purchase, Refinance , Cash-Out |
LTV | . Up to 80% LTV for a Purchase . Up to 70% LTV for a Refinance . Up to 70% LTV for a Cash-Out |
Rate | Starting at 4.95% Rate Buy Down Available |
Points | HombeBuild Mortgage Fee 1% Lender Fee 1-2 Points |
Term Length | 30 Year Fixed or 5/1 , 7/1 Arms |
Loan Amounts | 50K - 5 million |
Borrower Experience Level | . New Investor 0-2 Flips or Rentals within the last 3 years . Intermediate Investor 3-10 Flips or Rentals within the last 3 years . Experienced Investor 10+ Flips or Rentals within the last 3 years |
Borrower Credit Score | 660 Preferred - Sub 660 Credit may require Higher Down payments |