Buy-to-Rent Loans

Purchase and refinance of non-owner occupied rental properties using short-term borrowing.

Looking to buy a rental property and hold it for a profit?

The Buy-to-Rent loan program from United Financial Services has a 24-month term with a 12-month extension option, guaranteeing that our customers have long-term rental property financing.

LOAN CRITERIA

Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes

LTV:
Purchase: The lesser of Up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance: Up to 75% of the As Is Value
Cash-Out: Up to 70% of the As Is Value

Term:
24 Months (12 month extension available)
*(An extension fee applies)

$75k for 1-4 Family, Condos, & Townhomes

Loan Amount:
$50k - $7.5M for 1-4 family homes, condos, and townhomes

Minimum FICO:
620

Rates:
Starting at 7.49%

Rent Coverage Ratio (Monthly Rent/Monthly Debt Service):
1.15

BUY-TO-RENT LOAN PROGRAM TYPICAL RATES

NEW INVESTOR

In the last three years, owned 0 to 2 investment properties (flips and/or rentals).

INTERMEDIATE INVESTOR

In the last three years, owned 3 to 9 investment properties (flips and/or rentals).

EXPERIENCED INVESTOR

In the last three years, I’ve owned ten or more investment properties (flips and/or rentals).

PURCHASE, REFINANCE, & CASH-OUT

Starting at 10.49%

Starting at 8.35%

Starting at 7.49%

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

Ready to get your deal started?