Long-Term Loans
MAXIMIZE YOUR PROFIT WITH REHABLEND’S LONG-TERM RENTAL LOANS
When it comes to property investment, buying a rental property with a buy-and-hold strategy is an effective and low-effort option. You’ll make money both from monthly rental income as well as the appreciation from the property when the time comes to sell. You need minimal experience and, especially if you hire a property manager to take care of the work for you, a long-term rental investment also takes up minimal time and hassle. However, if you own or are planning to buy a long-term rental property, finding the right investor loan is essential.
At RehabLend, we offer loans specifically for the purpose of long-term rental properties. With interest rates that are lower than those for short-term loans as well as highly competitive terms, our long-term rental loans are designed to help you make the most of your investment.
Here’s what you need to know.
RehabLend’s Long-term Loans Are Available for a Range of Property Types and Markets
At RehabLend, our long-term loans are designed to suit people in a range of circumstances. You can use our long-term rental loans to secure a non-owner-occupied:
• Single family home
• Multi-family home
• Townhouse
• Condo
• Planned unit development (PUDs)
There are also a number of acceptable markets we can also issue our long-term loans in, including:
• Nationwide urban
• Suburban
• Rural
Get in touch to find out whether we can provide a loan for the property you have your eye on.
Our Long-term Program Is Available Nationwide
RehabLend’s long-term rental loans are available nationwide, giving you access to our great terms and conditions no matter where you are. To find out if our loans are available to you, feel free to contact us today.
We Offer Competitive and Borrower-friendly Terms
Designed with our customers in mind, RehabLend can offer you a number of benefits unmatched by our competitors. Our favorable conditions include:
• Low interest rates. Secure your long-term investment property loan with rates starting at 5%.
• Low costs. Our appraisal rate fees are between $500 and $600 and our closing fees are $1,000.
• Far-reaching loan amounts. We offer long-term loans between $250,000 and $10,000,00 giving you a broad range of options based on your finances, strategy and goals.
Additionally, we offer:
• Loan terms of thirty years with both fixed and hybrid arms
• No seasoning requirements
• A maximum LTV of 80% and a maximum LTC of 85%
• A maximum loan to value with cash-out of 80%
Click here to read more about our terms.
Our Approvals Process Is Quick and Easy
We aim to take the stress out of buying property with our straightforward approvals process. Our application form can be completed in minutes and, as soon you’re ready to make a move on a property, we’ll help you secure your finance. We offer fast closing times of between three to four weeks so you can secure your finance and start making money off your investment property straight away. And, to make it even easier, our helpful and friendly team is available to answer any questions along the way.
You Don’t Need Perfect Credit Score to Be Approved for Our Long-term Loans
Our minimum FICO score for our long-term loans is 575, giving you the opportunity to invest in a rental property even if you have a below average credit score. If you’re not sure what your FICO score is or whether or not you’d be eligible for a RehabLend loan, feel free to get in touch to find out more.
Ready to Secure Your Loan?
If you’re ready to purchase a long-term rental property or want to refinance an existing long-term rental property, get in touch to find out how we can help you or to get the process started now.