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Single Rental Loans

Purchase or refinance a single rental property with our DSCR Single Rental Loan

6.48%

*

Our Single Rental Loan enables investors to purchase a new property to expand their rental portfolio. Investors use this Debt Service Coverage Ratio (DSCR) loan to refinance a property for a better rate, or take cash out to access equity.

Key Facts About Our Single Rental Loan

Single Rental Loan
LOAN PURPOSE
Purchase, rate-term refinance, or cash-out of a single rental property
BORROWER TYPE
Entity required
PROPERTY OR UNIT ACQUISITION MINIMUM
1 property per loan
TERM
30-year fixed, ARM options available
INTEREST RATE
Call for quote
EXPERIENCE
Not required
MINIMUM FICO
660
MAXIMUM LOAN-TO-VALUE (LTV)
Up to 80% on purchase and rate & term. Up to 75% on cash-out
MINIMUM LOAN AMOUNT
$75K - $2.5MM
VACANCY MAXIMUM
Purchases only or leased within 30 days
SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS)
180 days
RURAL PROPERTIES
Not permitted
FOREIGN NATIONALS
Not allowed from ineligible country list
PROPERTY TYPE
Non-Owner Occupied:
- Single Family Residences (SFR)
- 2-4 unit properties
- Warrantable condos
- Townhomes

Term

30-year fixed, arm options available

Recourse

Full recourse only

Loan Types

30-Year fixed rate mortgage (Fully Amortizing)

5/6, 7/6, 10/6 Hyrbid ARMs (Partial IO or Fully Amortizing)

Experience

not required

Loan Purpose

Purchase, rate-term refinance, or cash-out of a single rental property

Minimum Fico

660

Borrower Type

Entity required

Interest Rate

call for quote

Property Types

Single Family Residences (SFR)

2-4 unit properties

Warrantable condos

Townhomes

PUD

Vacancy Maximum

purchases only or leased within 30 days

Rural Properties

not permitted

Foreign Nationals

not allowed from ineligible country list

Lease Requirements

Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent

Unleased Units: 90% of Market Rent (Purchase Loans only)

Maximum Loan To Cost

If Owned < 3 months, 80% of Total Cost Basis

Minimum Loan Amount

$75k - $2.5mm

Maximum loan-to-value (ltv)

up to 80% on purchase and rate & term. Up to 75% on cash-out

Property Or Unit Acquisition Minimum

1 property per loan

Minimum Debt Service Coverage Ratio (Gross Rent/Pitia)

1.10x

Seasoning Requirement (To use value vs. Cost basis)

180 days

Over $8 Billion in loans for Real Estate Investors
What Makes the Single Rental Loan Unique?
  • We treat your rental property like your own small business, and we underwrite to the cash flow it will produce, not your personal income.
  • We don’t limit the number of rental properties you can own, so we give you maximum flexibility.
  • We provide personalized service throughout the entire loan process – from quote to close.

We have the product to meet your needs.

 Important Note: If you are a broker, please call your FACo Account Executive to initiate access to your new and enhanced portal. If you don’t know who your Account Executive is, please call (866) 464-3226 .

Get Started

Complete the form below and a member of our experienced sales team will reach out to you directly to discuss your goals and answer any questions you may have.









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