| Best for | Rental and mixed-use property qualified on rent, not tax returns |
| Recent quotes | 6.75%–7.99% |
| Leverage | 65–75% LTV on recent cash-out quotes |
| Term | 30-year fixed options |
| Coverage | Rent typically at or above the payment (DSCR ~1.0–1.25x) |
| Prepayment | Usually a step-down schedule (for example 5/4/3/2/1) |
| Docs | Lease or rent schedule, bank statements, entity docs; no tax returns |
Typical ranges, not quotes. Final terms depend on the property, the borrower and the lender.
Good fit: rental income covers the payment; self-employed borrowers; properties held in an LLC; self-directed IRA purchases.
Not a fit: your only goal is the lowest possible rate on a standard rental and your income qualifies for a conventional loan.
How it works
- Tell us what you need and what you have. No documents, no credit pull.
- We review the realistic options and walk you through each.
- You choose a path; we send one document list and secure a term sheet.
- We manage underwriting and closing alongside you.
Special situations
Credit scoreWhich loan types care about your FICO, which care more about the property, and what scores move pricing.How it gets solvedNYC short-term rentalHow NYC's short-term rental law and your building's CO class affect refinancing.How it gets solved
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