Long Term Rental Loans

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

Looking to Purchase a Property to Hold for as a Rental Property?

Essential You Group remains committed to your future investments with our Long-Term Rental loan program. This program offers a 30-year term and rates starting at 4.25% to ensure that our customers have true long-term financing options.

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 4.25%

Minimum FICO:

650

Long-Term Rental Loan Program

Purchase

Refinance

Cash-Out