Host Financial’s asset-based long term rental program is tailored for the investor that wants to scale their real estate portfolio without worries of being tied down by their Debt-to-Income Ratio. We take an asset-based approach to qualify your loan by looking at the lease or potential market rent of the property instead of your personal income. No W2s, tax returns, or personal income verification means fewer documents for underwriting which results in faster closings. These simple and easy qualifications reduce the barriers to purchase and allows you to scale into multiple properties quickly.
Lending to Individuals, LLCs, Trusts, and Corporations.
To get quoted know your:
Director
Director
General Manager
General Manager
Loan Size | $100k to $3.5 Million* * Larger loan sizes available on a case by case basis |
LTV Purchases | Up to 80% LTV On Purchase |
LTV Refinance | Up to 75% LTV On Rate and Term or Cash-Out Refinances |
Amortization | 30 year Amortization Schedule |
Terms | 5/1 ARMs, 7/1 ARMs, 10 Year Interest Only and 30 YR Fixed* *Interest Only Options Available. |
Interest Rates | 6% to 9%* * Subject to change day to day based on market volatility |
Recourse | Full Recourse. Personal Guarantee required on all owners with 20%+ ownership. |
DSCR Requirement | 1.0 or greater depending on loan size and property type |
Vesting | Lending to Individuals, LLCs, Corporations, and Trusts* * Trusts on case by case basis |
Time to Close | 30 to 45 days |
We hope that it goes without saying that we want the opportunity to provide you a quote! It doesn’t take very much time or brain power, and we guarantee it won’t come with a pushy salesman or annoying phone calls while you are eating dinner. Just a no obligation, no hassle chance to show off our innovative products to our newest customer. Fill out the form to get started.