Bridge the Gap Between Short Term and Permanent Financing

The Rental 2+1 program is perfect for investors who are looking to bridge the gap between short term and permanent financing. The Rental 2+1 is a 2-year interest only-balloon, with a 1-year extension available with interest rates as low as 7% for the purchase or refinance of single rental properties or entire portfolios. The interest rate is determined by credit, loan-to-value, and the rent coverage ratio which is calculated by dividing gross rent by the monthly interest payment. Another key advantage of the 2+1 is there is no borrower debt-to-income on the loan.

Below you will find more information on our Rental 2+1 program as well as a map of our lending area.

Rental2+1 Loan Overview

Term Length: 2 years with 1 year extension option
Property Types: Single-family detached residences, 2-4 unit residences, condominiums, and townhomes
Single Property: Yes
Portfolio: Yes
Minimum Loan Amount: $50,000
Maximum Loan Amount: $2,500,000
Maximum LTV: 75%
Minimum Credit Score: 660
Debt-to-Income for Borrower: None
Minimum Number of Properties: 1

Ready to Apply?

Our online application process is simple and easy to complete. You’ll be guided through the process step-by-step, and document tracking is a breeze.

Rental Coverage Ratio ≧1.25*

LTV Credit ≦ 50 50.01-55 55.01-60 60.01-65 65.01-70 70.01-75
740
7.00% 7.10% 7.20% 7.40% 7.65% 7.90%
700-739
7.20% 7.30% 7.40% 7.60% 7.85% 8.10%
680-699
7.40% 7.50% 7.60% 7.80% 8.05%
660-679
7.45% 7.55% 7.80% 8.00%
Foreign National
7.45% 7.55% 7.80% 8.00%

Stated rates available as of October 20th, 2017.


*Rent coverage is calculated by dividing gross rents by monthly interest only payments.

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Lending Across The Nation

Click on one of the states below to see complete rates and terms.

AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC