© LOAN PROGRAMS PROGRAM 04 OF 09
Long-term financing that qualifies on the property's cash flow, not your tax returns: the rental DSCR loan for one property at a time, the rental portfolio loan for five or more, and the multifamily term loan for stabilized buildings.
REQUIREMENTS
BENEFITS
© RENTAL PROPERTY LOANS FROM 6.50% · LTV 80% · 30 YR
When the plan is to hold, the loan should match the hold. The rental programs run on 5, 7, 30 and 40 year fixed terms at up to 80% LTV, with DTI not calculated and short term rental and ADU income permitted. Rates run from 6.50% to 9.99% on the Non-QM tier.
© PUBLISHED TERMS 3 PRODUCTS
Every figure is the one printed on the product's live terms card. Rates and pricing are subject to change and are not a commitment to lend.
| Product | Rates | LTV Up To | Terms |
|---|---|---|---|
| RENTAL DSCR LOANS | 6.50% to 9.99% Non-QM | 80% | 5, 7, 30 and 40 year fixed |
| RENTAL PORTFOLIO LOANS | 6.50% to 9.99% Non-QM | 80% | 5, 7, 30 and 40 year fixed |
| MULTIFAMILY TERM LOANS | 6.50% to 9.99% Non-QM | 80% | 5, 7, 30 and 40 year fixed |
© THE PRODUCTS 3 STRUCTURES
Each structure has its own page with the verbatim terms card, the criteria, how it differs from the others here, and the questions borrowers ask about it.
Long-term financing that qualifies on the property instead of on you. Up to 80% LTV, 5, 7, 30 and 40 year fixed terms and rates from 6.50% to 9.99% on the Non-QM tier, with short term rental and ADU income permitted and DTI not calculated.
One fixed rate loan across a portfolio of five or more rental properties or units, on 5, 7, 30 or 40 year fixed terms, up to 80% LTV, with rates from 6.50% to 9.99% on the Non-QM tier.
Long-term financing to purchase or refinance a multifamily, condo or mixed-use property, on 5, 7, 30 or 40 year fixed terms at up to 80% LTV, with rates from 6.50% to 9.99% on the Non-QM tier.
WHO IT IS FOR
Landlords and first time investors who want the property to carry the file, from a single rental to a stabilized multifamily building.
OUR PROCESS
The same four steps as every other program; the difference is the underwriting, which reads the property's rent instead of your income.
© RENTAL PROPERTY LOANS
Long-term DSCR, portfolio and multifamily term loans that qualify on the property's cash flow.
PUBLISHED TERMS
© QUESTIONS 7 ANSWERS
A DSCR loan qualifies on the property's rent instead of your income, and the price of that flexibility is usually a higher rate than a conventional mortgage and, at many lenders, a prepayment structure. Loan Goat's rental DSCR loan carries no prepayment penalty and qualifies on the property's cash flow, from 6.50% on the Non-QM tier. The trade-off is the rate against the speed and the freedom from income documentation.
On a purchase, yes in practice: the rental DSCR loan goes up to 80% LTV, which leaves 20% plus closing costs. First time investors are OK and DTI is not calculated, so the down payment and the property's cash flow are the two numbers that decide it.
Yes. The rental portfolio loan is a fixed rate loan on a portfolio of 5+ rental properties or units, up to 80% LTV, and it can consolidate multiple loans into one. Landlord experience is required and the program offers 5, 7, 30 and 40 year fixed terms.
Yes to both. The rental DSCR loan permits short term rental income, ADU income and non warrantable condos, and recently listed properties are OK. The property's cash flow carries the file.
Yes. Loan Goat writes rental DSCR loans on non-owner occupied SFR, condo and townhome and 2-4 unit properties in California and in the other states where it lends, up to 80% LTV from 6.50% on the Non-QM tier, on 5, 7, 30 and 40 year fixed terms.
No harder than the property's rent makes it. The file is decided by the debt service coverage ratio, the down payment and a credit score of 620 or more; DTI is not calculated and large deposits do not need to be sourced.
Yes. First time investors are OK on Loan Goat's rental DSCR loan; the property's cash flow and the down payment carry the file rather than a track record.
© LOAN REQUEST 2 MINUTES
The loan information form with this program already selected. A lending advisor from our firm will reach out. Or just give us a call now: (619) 617-2797.
