This product is a good fit for residential properties with 1-8 units, which you intend to use as an investment property for rental income. No rehab budget is available with this loan. Purchase, refi and cash out refi is available.
Interested in a Short Term Rental program? More info here.
Loan amounts: $100,000 to $3,000,000
Type of collateral: 1-8 units
LTV: up to 80%
Minimum DSCR: 0.75
Short term rental: yes
Minimum FICO: 660
Cash out refi: available
Term: 360 months fixed rate
Expected turnaround time: instant approval, instant proof of funds, 14-21 day close
Rates and other details can be found on the Rent product page.