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RENTAL PORTFOLIO LOAN

STARTING RATE 5.875% *

Do you want to purchase or refinance multiple investment rental properties? Partner with Freedom Legacy Lending for a long-term solution to consolidate your rental properties and generate cash flow.

Key Facts About Our Rental Portfolio Loan

 

Rental Portfolio Loan
LOAN PURPOSE
Rental Portfolio Loan
Blanket loan for purchase, rate-term refinance, or cash-out of a portfolio of rental properties
BORROWER TYPE
Rental Portfolio Loan
Entity required
PROPERTY RESTRICTIONS
Rental Portfolio Loan
No vacation or seasonal rentals
TERM
Rental Portfolio Loan
30-Year term, Fixed Rate Mortgage (Fully Amortizing) 5/6, 7/6, 10/6 Hybrid ARMs (Partial IO or Fully Amortizing)
INTEREST RATE
Rental Portfolio Loan
Call for quote
MINIMUM FICO
Rental Portfolio Loan
660 (for portfolios at or under $2MM and 10 properties)
All other portfolios: 680
MAXIMUM LOAN-TO-VALUE (LTV)
Rental Portfolio Loan
Up to 80% on purchase and refi. Up to 75% on cash-out
MINIMUM LOAN AMOUNT
Rental Portfolio Loan
$250K - $50MM
VACANCY MINIMUM
Rental Portfolio Loan
Min. 90% occupancy rate by unit count
SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS)
Rental Portfolio Loan
180 days
RURAL PROPERTIES
Rental Portfolio Loan
Not permitted
FOREIGN NATIONALS
Rental Portfolio Loan
Eligible at maximum 65% LTV
PROPERTY TYPE
Rental Portfolio Loan
Non-Owner Occupied:
- Single Family Residences (SFR)
- 2-4 unit properties
- 5-8 unit multifamily
- Warrantable condos
- Townhomes
- PUD

 

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Lending Available in the Following States

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DISCLAIMER: Programs not available in the following states: Arizona, Minnesota, Nevada, North Dakota, Oregon, South Dakota, Utah, Vermont and West Virginia. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval.