Which Is Best For The First Timer

2 Replies

@Jimmell J Swan

I don’t know much but it sounds like you want to use a business loan for a single family rental? I suppose if you could convince a business lender to do it and the rate/terms, sure. I would like to see what everyone says…

Commercial loans can certainly be used for single family homes as long as it is non-owner occupied. No w2, tax returns will be looked at. Based on the cash flow and borrower's credit score. 80% LTV for purchase, 75% LTV for refi. Rate starts from mid 4s.