Looking for a Long Term Rental Loan/DSCR Loan?
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Are you considering investing in long-term rental properties or seeking financing for your existing rental portfolio? Nationwide Mortgage offers specialized loan options tailored to investors looking to acquire or refinance rental properties.
Our investment property loans allow our investors to purchase or refinance an investment property without proving income through bank statements or tax returns. Instead, we look at the value of the property or the rental income of the property.
The property types include single-family residences, 2-4 units, condos, and town homes.
What is a Long Term Rental or DSCR Loan?
DSCR stands for Debt Service Coverage Ratio, a key metric used by lenders to assess the cash flow available to cover mortgage payments on an investment property. DSCR loans are designed specifically for investors seeking financing for rental properties, focusing on the property’s ability to generate sufficient income to support the mortgage payments.
Benefits of Long Term Rental / DSCR Loans:
Flexible Financing Options:
We offer a variety of loan programs with flexible terms and competitive rates to suit your investment strategy and financial goals.
Streamlined Application Process:
Our experienced mortgage specialists will guide you through the loan application process, ensuring a smooth and efficient experience from start to finish.
Customized Solutions:
Whether you’re a seasoned investor or new to the rental property market, we’ll work closely with you to tailor a financing solution that meets your unique needs and objectives.
Dedicated Support:
Our team is committed to providing personalized support and guidance every step of the way, helping you make informed decisions and maximize the return on your investment.
Looking to get started? Apply today!
Program Highlights
- Rates start around 6%
- Blanket Loans available
- 10-year interest-only option
- No income verification required
- Loan term 30 years fixed/fully amortized
- 20% down payment required for purchase
- Purchase, refinance, or cash-out options are available
- The minimum credit score of 640+ for 1-4 units and condos
- Hybrid ARM options available, 5/1, 7/1, 10/1 Amortized over 30 years
- Up to 80% loan-to-value on single-family residences, 2-4 units, condos, and townhomes
More Info
- You can leverage up to 80% of the value
- Can include single-family residence, 2-4 units, condos, and town homes
- Allows credit scores as low as 640
- Lower rates are possible on Full Doc Fannie Mae programs as well
- Options of having a loan that has a fixed rate for 5, 7, or 10 years, but amortized over 30 and 40 year