Buy-to-Rent Loans

Short-term financing for the purchase and refinance of non-owner occupied rental properties.

Looking to Purchase a Property to Hold for Rental Income?

Essential You Group Buy-to-Rent loan program offers a 24-month term, with a 12-month extension available, ensuring that our customers have rental property financing that goes the distance.

Loan Criteria

Collateral:

Non-Owner Occupied 1-4 Family & Multi-Family Real Estate; Condos; Townhomes: 5+ Unit Apartments; Mixed-Use Properties

LTV:

Purchase: The lesser of Up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance: Up to 70% of the As Is Value
Cash-Out: Up to 65% of the As Is Value

Term:

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

Minimum As-Is Property Value:

$75k for Single-Family
$50k per unit for Multi-Family (5+)/Mixed-Use

Loan Amount:

$50k – $2M for 1-4 Family, Condos, & Townhomes
$250k – $5M for Multi-Family (5+)/Mixed-Use

Minimum FICO:

650

Rates

Starting at 7.99%

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

1.15

Buy-To-Rent Loan Program Typical Rates

New Investor

Owned 0 to 2 Investment Properties (Flips and/or Rentals) in the Last 3 Years

Intermediate Investor

Owned 3 to 9 Investment Properties (Flips and/or Rentals) in the Last 3 Years

Experienced Investor

Owned 10+ Investment Properties (Flips and/or Rentals) in the Last 3 Years

PURCHASE, REFINANCE, & CASH-OUT

Starting at 8.75%
Starting at 8.49%
Starting at 7.99%