Single Property Rentals Term Loans
Simplify the loan process for single-property rentals with fast, accurate pricing.
RBK GFS Simplifies Term Loans
RBK GFS Single Property Rental loans offer a dependable financing solution for landlords with cash-flowing 1-4 unit residential properties.
Loan Highlights
Term Options
30-year fixed or hybrid ARM options available.
Recourse
Full recourse loans only.
Loan Types
Fully amortizing 30-year fixed-rate mortgage.
5/6, 7/6 and 10/6 hybrid ARM (with partial interest-only or fully amortizing options).
Borrower Experience
No prior experience required.
Purpose
Purchase, rate-term refinance or cash-out refinance for single rental properties.
Minimum FICO Score
660
Property and Borrower Details
Borrower Type
Registered entities only.
Eligible Properties
Single-family residences (SFR), 2-4 unit properties, warrantable condos, townhomes and PUD.
Vacancy Requirements
Properties must be purchased or leased within 30 days.
Exclusions
Rural properties and foreign nationals from ineligible countries are not permitted.
Financial Terms
Maximum Loan-to-Cost (LTC)
Up to 80% of the total cost for properties owned less than 3 months.
Maximum Loan-to-Value (LTV)
- Up to 80% for purchase and rate-term refinance.
- Up to 75% for cash-out refinance.
Debt Service Coverage Ratio (DSCR)
Minimum 1.10x (gross rent/PITIA).
Lease Requirements
- For leased units: Lower of in-place rent or market rent.
- For unleased units: 90% of market rent (for purchase loans only).
Loan Amounts
$75,000 to $2,000,000.
Seasoning Requirement
Properties must meet a 180-day seasoning period to use value versus cost basis.
Solutions we Provide
Effortless Loan Pricing
Quickly generate term sheets with our automated pricing tool, streamlining single-property rental financing.
Fast and Accurate
Simplify the process with instant, reliable loan calculations.
