Short Term Rental Investment Mortages & Loans | Host Financial

Short Term Rental Loans

Short Term Rental Loan

Our Short Term Rental Loans are specifically designed for properties ran as Short Term Rentals (Airbnb, VRBO, Booking, etc.) in which there are no leases in place. No leases? No problem.

Host Financial’s approach is unique in that we use the income of the property rather than the income of the individual to qualify you for a loan. That means no Tax Returns, W2’s, DTI, or personal income required when applying for a loan.

We will use 1 of the 3 different types of property income to qualify the loan. Whichever income debt-covers and provides the best rates will be used.

  • Market rental rates 
  • 12+ months of actual short term rental income
  • Project short term rental income

Eve Paul

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Director

Host Financial
2020-06-17T12:01:25+00:00

Director

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Larry Lawrence

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General Manager

Host Financial
2020-06-17T12:02:31+00:00

General Manager

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Host Financial

Asset Types

Loan Terms

Loan Size

$100k to $2.5 Million*

* Larger loan sizes available on a case by case basis

LTV Purchases

Up to 75% LTV On Purchase
LTV Refinance
Up to 70% LTV w/ Cash-Out Options Available
Amortization
30 year Amortization Schedule w/ 25 year options available.
Terms
5/1 ARMs, 7/1 ARMs, 10/1 ARMs, and 30 YR Fixed* 

*Interest Only Options Available.

Interest Rates

4.5% to 8% (Covid-19 May Affect Current Rates)

Recourse
Full Recourse. Personal Guarantee required on all owners with 20%+ ownership. 

DSCR Requirement

1.0 or Greater (How is DSCR calculated?)

Vesting

Lending to Individuals, LLCs, Corporations, and Trusts*

* Trusts on case by case basis

Time to Close

21 to 45 days

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.

Other Loan Products

Fix-N-Flip
New construction loans for real estate investors developers
New Construction
Long term Rentals