Short-Term Vacation Rental Loans
Financing options for investors that are investing in short-term vacation rentals.
For Investors Who Have Made Vacation Accommodations Their Business
Put RCN Capital’s financing to work for your next short-term vacation rental. RCN offers 30-year loans with rates starting at 7.30% for short-term rental properties. Whether you are trying to purchase a vacation property of everyone’s dreams or are looking for better terms for an existing vacation rental, RCN has you covered.
Loan Criteria
Collateral:
Non-Owner Occupied 1-4 Family Real Estate;
Condos; Townhomes
LTV:
Purchase: Lesser of up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 70% of the As-Is Value
Loan Amount:
$75k – $2M
Rates
Starting at 7.30%
Minimum FICO
660
Amortization Options:
30-Year Fixed,
Hybrid ARMS (5/1, 7/1, 10/1), &
5 & 10 Year Interest-Only
SHORT-TERM VACATION Rental Loan Program
| FICO | Maximum Loan-to-Value (LTV) | Maximum Loan-to-Cost (LTC) | |
|---|---|---|---|
| Purchase | 760+ | Up to 75% of the As-Is Value | Up to 75% Loan-to-Cost |
| 700 - 759 | Up to 75% of the As-Is Value | Up to 75% Loan-to-Cost | |
| 680 - 699 | Up to 70% of the As-Is Value | Up to 75% Loan-to-Cost | |
| 660 - 679 | Up to 65% of the As-Is Value | Up to 65% Loan-to-Cost |
| FICO | Maximum Loan-to-Value (LTV) | |
|---|---|---|
| Refinance | 760+ | Up to 75% of the As-Is Value |
| 700 - 759 | Up to 75% of the As-Is Value | |
| 680 - 699 | Up to 70% of the As-Is Value | |
| 660 - 679 | Up to 60% of the As-Is Value |
| FICO | Maximum Loan-to-Value (LTV) | |
|---|---|---|
| Cash-Out | 760+ | Up to 70% of the As-Is Value |
| 700 - 759 | Up to 70% of the As-Is Value | |
| 680 - 699 | Up to 65% of the As-Is Value | |
| 660 - 679 | Up to 55% of the As-Is Value |
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
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