Rental Loans
Optimize Your Wealth
"Leverage the Potential of Rental Loans for Consistent Monthly Income and Strategic Tax Advantages!"
By author name
Buy & Hold Loan Types
Loan-to-Value Ratio Options
Purchase loans available up to 85% and Cash Out refinance up to 75% based on the loan-to-appraised value ratio.
Flexible Debt Service Qualification
Debt service qualification can utilize interest-only payments or short-term rental income for first-time property acquisitions.
Diverse Loan Term Choices
Loan options range from 5-year fixed to 30-year fixed, with popular choices including a 10/1 interest-only or 30-year fully amortized term. Up to 40 year term option available also.
Varied Debt Service Down Payment Options
Debt service down to .7, allowing qualification for expensive properties; no debt service options are also available up to 75% LTV.
*this is not an offer to lend, programs, parameters, rates, fees are subject to change at any time.
What Type Of Investment Are You Considering?
What Are The Qualifications ?
Short/Long Term Rental Qualifications
- Average Credit Score 650+
- Appraisal Needed
- Minimum Loan Amount $75K
- Asking 2-12 Month Bank Statement
- 90 Day Credit Report
- Corp or LLC Entity Document
- Operating Agreement
- Insurance
How Long Too Close ?
Question of the Day ! we can close on a transaction within 14 business days. We can close sooner, please consult with someone from Xitloan first.
Delayed Purchase
up to 6 months
Short term Rentals, Airbnb for example will need a DSCR short of at least 1.0 with providing loans up to Max 75% LTV (Loan to value).
*Cash Out
*Pre Payment Penalty(PPP)
Cash out can be used for reserves requirements. All investments must be Business purpose.
