Rental Property Loans - Bander Mortgage Team

Single Rental Loans

	Single Rental Loan
Loan Purpose	Purchase, limited cash-out, or cash-out of a single rental property ³
Borrower Type	Entity (Single Purpose Entity) or Individual
Property or Unit Acquisition Minimum	1 property per loan
Interest Rate ¹	Rates as low as 4%
Term	30-year fixed
Experience	No first time homebuyers
Minimum FICO	640
Maximum Loan-to-Value (LTV)⁴	Up to 80% on purchase and rate & term. Up to 75% on cash-out³
Minimum Loan Amount	$75K - $2MM¹³
Vacancy Maximum	Any vacancy requires a max LTV of 60% on refinance
Seasoning Requirement (to Use Value vs. Cost Basis)	180 days
Rural Properties	Ineligible
Foreign Nationals	Not allowed from ineligible country list LTV is limited to 70%
Property Type	Non-Owner Occupied: Single Family Residences (SFR) 2-4 unit properties Condos Townhomes

We'd love to hear from you! Use this form to contact us. We'll follow up fast, typically within 10 minutes.