LOGIN Whether you are looking for acquisition funds, refinance or a bridge — we tailor loans so you can achieve your investment objective with ease. Our asset-based mortgage programs are designed for real estate investors and small business owners who often don’t qualify for traditional bank loans. So get a free quote, by submitting your loan scenario today.
Residential Rental Loans
Residential Rental DSCR Loans
Rental Investment Loan Program
Need a loan for your rental property? REID’s DSCR loans help investors like you buy or refinance properties with 1-8 units. Our flexible financing turns rental income into long-term wealth. Perfect for first-time investors and experienced landlords alike.
Key Features
Single assets or Portfolios.
Purchase, Rate & Term or Cash Out
Qualify using Porperty Income
Qualify at 125% of Appraisal Market Rent
1.1x Minimum DSCR
Delayed Purchase Financing
45 Day Rental Loan Lock Guarantee
Foreign Nationals accepted
What is a DSCR Rental Loan?
DSCR (debt service coverage ratio) loans help investors finance rental properties based on the property’s income potential rather than the borrower’s personal finances. These loans are approved when a property’s projected rental income exceeds its monthly mortgage payments. Through REID Lending Partners investors can secure DSCR loans for single-family homes, townhouses, and condos, with flexible terms including 30-year fixed rates, adjustable rates, or interest-only options. Whether you’re buying a new property or refinancing an existing one, a DSCR loan can provide the financing you need to expand your rental portfolio.
FAQs
Do you lend on short-term rentals?
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Yes, the qualification for short-term rentals is based on the 12-month ledger from VRBO/Airbnb.
What are the requirements for a Residential Rental Loan?
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Rental loans are qualified based on considered requirements such as, credit score, loan-to-value (LTV) ratio, and debt service coverage ratio.
Are there additional fees associated with the loan?
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The only additional cost associated with a rental loan is the appraisal fee paid by the borrower.
Does my credit score matter?
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While DSCR loans focus on property income rather than personal finances, there is still a minimum credit requirement of 640. The higher the credit score the higher the LTV.