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Updated over 7 years ago on . Most recent reply

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Kayla Ross
  • Real Estate Agent
  • Toledo, OH
0
Votes |
5
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HELP! seeking long term mortgage solutions for investment houses

Kayla Ross
  • Real Estate Agent
  • Toledo, OH
Posted

I'm seeking non-owner occupant, long term financing for my rental houses.

any advice or recommendations to secure financing that meets these criteria would be greatly appreciated!

The most critical part is either a) low minimum lending limits or b) the ability to bundle multiple houses together to meet the minimum lending limit

the LTV to be based on the ARV

the interest rate to not be more than 8-9%

it to be a long term financing solution, 5 year balloons are okay, portfolio loans are okay but preferably seeking 20-30 year non owner occupant mortgages on individual or multiple houses

PLEASE HELP!

Thanks in advance!!!

Most Popular Reply

User Stats

173
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58
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Ryan O'Mara
  • Financial Advisor
  • Des Moines, IA
58
Votes |
173
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Ryan O'Mara
  • Financial Advisor
  • Des Moines, IA
Replied

@Kayla Ross - There are many non-bank permanent lenders who will do blanket loans.  They all differ in their requirements: min # of properties in the loan, min property value, seasoning, FICO, etc....

More info would be needed to assess this.  But there may well be options that fit what you are looking for.  PM me if you want more details.

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