Long-Term Rental Loans

Purchase and refinance of non-owner occupied rental properties with long-term financing.

Are you looking to buy a property to hold as a rental property?

With our Long-Term Rental financing program, UFS is committed to your future investments. To guarantee that our customers have actual long-term financing choices, this program offers a 30-year term with rates starting at 3.49 percent.

LOAN CRITERIA

Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)

LTV:
Purchase: Lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance: Up to 80% of the As-Is Value
Cash-Out: Up to 75% of the As-Is Value

Amortization Options:
30-Year Fixed,
Hybrid ARMS (5/1, 7/1, 10/1), &
5 & 10 Year Interest-Only

Property Values:
“As Is” Appraised Value Must Be $100k or Greater (Geographical Restrictions May Apply)

Loan Amount:
$50k – $2M

Debt Service Coverage Ratio (DSCR):
1.10

Rates
Starting at 3.49%

Mininum FICO:
620

LONG-TERM RENTAL LOAN PROGRAM

FICO Maximum Loan-to-Value (LTV) Maximum Loan-to-Cost (LTC)

Purchase

700+

Up to 80% of the As-Is Value

Up to 80% Loan-to-Cost

Purchase

680 - 699

Up to 75% of the As-Is Value

Up to 80% Loan-to-Cost

Purchase

660 - 679

Up to 70% of the As-Is Value

Up to 70% Loan-to-Cost

Purchase

640 - 659

Up to 65% of the As-Is Value

Up to 65% Loan-to-Cost

Purchase

620 - 639

Up to 65% of the As-Is Value

Up to 65% Loan-to-Cost

Purchase

Foreign Nationals

Up to 70% of the As-Is Value

Up to 70% Loan-to-Cost

FICO Maximum Loan-to-Value (LTV)

Refinance

700+

Up to 80% of the As-Is Value

Refinance

680 - 699

Up to 75% of the As-Is Value

Refinance

660 - 679

Up to 65% of the As-Is Value

Refinance

640 - 659

Up to 60% of the As-Is Value

Refinance

620 - 639

Up to 60% of the As-Is Value

Refinance

Foreign Nationals

Up to 65% of the As-Is Value

FICO Maximum Loan-to-Value (LTV)

Cash-Out

700+

Up to 75% of the As-Is Value

Cash-Out

680 - 699

Up to 70% of the As-Is Value

Cash-Out

660 - 679

Up to 60% of the As-Is Value

Cash-Out

640 - 659

Up to 55% of the As-Is Value

Cash-Out

620 - 639

Up to 55% of the As-Is Value

Cash-Out

Foreign Nationals

Up to 60% of the As-Is Value

Loan types, verification of application information, and other risk-based variables may influence final loan terms.

Are you prepared to submit your deal?