Rental Real Estate Loans
Our rental loans provide investors the ability to purchase, refinance, or cash-out individual rental properties, as well as entire investment portfolios. Explore the options below to find a program perfect for your needs.
Rental loans are long-term products designed for rented or immediately rentable properties. You can find construction financing in our Fix ‘n’ Flip Loan Program here. Eligible properties include single-family homes, small multi-family homes (up to 4 units), condos, and townhomes.
- Loan to Value: Maximum 75%
- Interest Rate: Starting at 5.25% (to well qualified borrowers), up to 9%. Typically fixed for 3-5 years
- Amortization: Typically 30-year amortization and term
- Points: 1-3 points, including closing costs
- Loan amounts: $75,000 minimum, no maximum (larger loans fit into )
- Credit Documentation: Typically 640 minimum FICO score
- Income Documentation: Verification of leases and rents on subject property only
- Asset Documentation: Requires bank statements to verify down payment availability
- Loan to Value: Maximum 80%
- Interest Rate: 4.75%-5.75%, typically fixed for 3-5 years
- Amortization: Typically 20-year amortization and 10-year term
- Points: 1-3 points, including closing costs
- Loan amounts: $90,000 minimum, no maximum (larger loans fit into )
- Credit Documentation: Typically 660 minimum FICO score
- Income Documentation: Typically global and subject property cash-flow analysis (tax returns)
- Asset Documentation: Requires bank statements
- Loan to Value: 60-70% LTV
- Interest Rate: 12-15% interest-only, set based on project risk
- Points: 2-5 points, set based on experience and overall project risk
- Loan amounts: $30,000** to $2 Million+
- Credit Documentation: Not required
- Income Documentation: Not required
- Asset Documentation: Not required
- Experience Requirement: Not required; better terms are offered for more experience borrower
*Typically no appraisal required
**minimum fee of $2,000 at closing applies regardless of loan size.
Conventional financing requires strong credit and documentable track record and income to service debt. We have a robust network of competitive institutions offering low rates to qualified borrowers. Talk to a Honeybee representative today and we will work to get you qualified some of the best financing on the market.
Hard Money financing options are also available for non-credit qualifying borrowers. These loans are typically each 12-months, and can be a bridge between your current situation and where you’re headed. For more information, visit our Hard Money loan options in our Fix ‘n’ Flip program.
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