Borrow up to 75% of your property value. Loans are qualified using property DSCR. No personal DTI calculations are required.
What is a DSCR Rental Loan?
A DSCR (debt service coverage ratio) loan is a long-term rental loan that real estate investors use to purchase or refinance rental properties. Essentially, to qualify for this loan, the expected cash flow of the property (or net operating income) must exceed or cover the mortgage payments (or debt service). With Private Capital, you can use these loans to purchase or refinance rental properties, such as 1-4 single-family homes, townhomes and condos. You also get to choose from new purchases, refinance or cash-out options, as well as 30-year fixed, ARMs, or interest-only products. If you have an opportunity to generate income from a potential rental property, find out how Private Capital can help you get a DSCR Rental Loan so that you can create that new income stream.
FAQs
What are the requirements for a rental loan?
Rental loans are qualified based on considered requirements such as, credit score, loan-to-value (LTV) ratio, and debt service coverage ratio.
What is the repayment schedule?
The repayment schedule is based on specific terms of a borrower's loan, such as monthly payment, interest rate and due dates.
What is the repayment schedule?
The repayment schedule is based on specific terms of a borrower's loan, such as monthly payment, interest rate and due dates.
Are there any specific requirements or restrictions on the rental property itself?
To be eligible for a rental loan, the property must fall into one of the following categories: 1-4 Single-Family Home, Condo, or Townhome. Moreover, the property needs to exhibit positive cash flow, be designated for residential use (boarding houses are not accepted), and must be in good condition, rated as C4 or better.
Are there any additional fees or costs associated with the loan, such as appraisal or inspection fees?
The only additional cost associated with a rental loan is the appraisal and processing fees paid by the borrower.
Do you lend on short-term rentals?
Yes, the qualification for short-term rentals is based on the 12-month ledger from VRBO/Airbnb.
Can I use the rental loan for property acquisition only, or can it also be used for property improvements or renovations?
The rental property must be in a livable and rentable condition; therefore, no renovations are allowed.
KEY FEATURES
Houston Fintech remains committed to your future investments with Long-Term Rental loan program. This program offers a 30-year term to ensure that our customers have true long-term financing options.
CASH-OUT REFINANCE
FinTech Capital Management
FINTECH CAPITAL MANAGEMENT
3303 Cypress Creek Parkway, Houston TX 77068
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Disclaimers: FinTech Capital Management is a private money brokerage solely for business purposes (and not for personal or consumer use) and is exempt from licensing in all states in which it operates. FinTech Capital Management does not lend on owner-occupied properties. Listed rates, terms, and conditions are offered only to qualified borrowers, may vary by loan product, deal structure, property state, or other applicable considerations, and are subject to change at any time without notice. No information on this site is intended to, or shall, created a legally binding commitment or obligation on the part of FinTech Capital Management and all terms are expressly subject to FinTech Capital Management's credit, and legal approval process.
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