Long-Term Rental Loans

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

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

RCN Capital is committing to your future investments with our Long-Term Rental loan program. This program offers a 30-year term and rates starting at 5.00% 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 85% Loan-to-Cost
Refinance: Up to 80% of the As Is Value
Cash-Out: Up to 75% of the As Is Value

Term:

30 Years

Property Values:

“As Is” Appraised Value Must Be $70k or Greater (Geographical Restrictions May Apply)

Loan Amount:

$50k – $2M

Rates

As low as 5.00%

Debt Service Coverage Ratio (DSCR):

0.70 or Greater

Minimum FICO:

575

Long-Term Rental Loan Program

FICO Maximum Loan-to-Value (LTV) Maximum Loan-to-Cost (LTC)
Purchase
or
Refinance
680+ Up to 80% of the As-Is Value Up to 85% Loan-to-Cost
660 – 679 Up to 75% of the As-Is Value Up to 80% Loan-to-Cost
640 – 659 Up to 70% of the As-Is Value Up to 75% Loan-to-Cost
620 – 639 Up to 65% of the As-Is Value Up to 70% Loan-to-Cost
600 – 619 Up to 55% of the As-Is Value Up to 60% Loan-to-Cost
575 - 599 Up to 50% of the As-Is Value Up to 55% Loan-to-Cost
FICO Maximum Loan-to-Value (LTV)
Cash-Out 680+ Up to 75% of the As-Is Value
660 – 679 Up to 70% of the As-Is Value
640 – 659 Up to 65% of the As-Is Value
620 – 639 Up to 60% of the As-Is Value
600 - 619 Up to 50% of the As-Is Value
575 - 599 Up to 40% of the As-Is Value

Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.

Recent Loans

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