30 Year Mortgage for Rentals
|$50,000 – $25,000,000 Loan Amount||Up to 80% of the Purchase Price||Low Doc 30-year fixed rate, amortized 30 years|
|Starting at 3.85% APR||Up 75% LTV on Refinance Cash Out||650 Minimum Credit Score|
We offer a low doc mortgage for a 30-year fixed rate, amortized over 30 years. Our low doc asset-based mortgage is used for non-owner occupied residential or commercial rental properties. We can go up to 80% of the purchase price and up to 75% LTV (As-Is Value) on refinance cash out. This is for 1-4 units, multi-family (5+), or mix-use properties. Rates start at 3.85% APR. Final rate depends how the property will be cash flowing, buy down rate desired, and credit score. 650 is a minimum credit score (can have a co-signer). We also have a low doc portfolio loan program, 30-year fixed rate with a 30-year amortization. Points/origination fee can be as low as 1%. No W2, no tax returns, no paystubs, and no DTI requirements. Perfect for our clients who are self-employed, clients who don’t have a strong W2, and clients who need to close quickly. Non-recourse options available for portfolio loans.
Contact RCD Capital at 800.369.7009 today to speak with a Loan Officer!
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