Long Term Rental Loans

Long Term Rental Loan

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:

  • Market rental rate or tenant lease amount
  • Liquidity
  • Property Value and Purchase Price

Asset Types

Loan Terms

  • Loan Sizes: $100k up to $3.5 Million
  • Purchase LTV: Up to 85%*
  • Rate & Term Refinance LTV: Up to 85% *
  • Cash Out Refinance LTV: Up to 80%*
  • Amortization: 30 Year Amortization Schedule
  • Terms: 5/1, 7/1 ARMs, 10 Year Interest Only, and 30 Year Fixed
  • Rates: 5.99% floor rate (subject to change daily due to market volatility)
  • Full Recourse with personal guarantee required on all owners with majority shares (typically 20%+ or 25%+)
  • DSCR Requirement: 1.0 or greater depending on loan size and property type. 0.75+ DSCR allowed on case by case basis.
  • Vesting: Lending to Individuals, LLCs, and Corporations
  • Average Time to Close: 14 to 35 days

*DSCR of 1.25 or greater + experienced investor required for 85% purchase LTV and 80% Cash Out LTV w/ FICO 700+

Get a Quote

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.

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