Long Term Rental Loans

Whom are Long Term Rental Loans Suited For?

American Financial Lending Fix & Flip loans are for investment property rentals for either 30 or 40 year terms.

Types of Properties We Fund

Single family residence, 2 to 4 units, townhomes, planned unit developments, or condominiums. All properties must be non-owner occupied. Foreign nationals are subject to a lower loan to cost and loan to values.

How do Long Term Rental Loans Get Financed?

We fund LLC’s with borrowers even if they have no rental experience. We require a score of 620+ and a minimum loan $100,000. Property values are based off of appraisal valuations and it does not matter if the property is vacant or rented. Lender underwriting is based on current fair market rent, credit, amount of liquid reserves and that the property is in fair condition.

Long Term Rental Program Criteria

To get a Long Term Rental loan started you will need:

  • A 599+ minimum score
  • $100,000 up to $4,000,000 non-owner occupied property
  • 2 months of recent bank statements
  • Score and background check

Terms

  • Max 80% LTV
  • Rates from 4% – 6% depending on credit
  • 30-year of 40 year (10 year interest only) term
  • No income or employment documentation is required
  • Minimum 3 year pre-pay (can be bought out)
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