Short-Term Rentals

Looking for a great program that will allow your borrowers to rent their property through services like AirBnB or VRBO? Then you came to the right place! Our DSCR program is perfect for that.

Program Highlights:

• LTV up to 80%
• Cash-out refinances permitted
• Loan amounts up to $3M
• 30 days late accepted
• Prices better than Non-Agency full doc and alternate doc for NOO
• Min. 3 months reserves needed
• No cap on the number of financed properties
• Can close in an LLC
• Interest only available

Property Type: 1-4 Unit, SFR, Condo, Non-Owner Occupied residential property.

Loan Qualification: Market rent must equal at least 75% of the proposed PITI…it’s that simple!

Market Rent: Determined by 1007 or lease agreement.