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.
| | 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 |
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.