By capital / December 29, 2021

Looking to Purchase a Property to Hold for Rental Income?

Campos Capital Group’s Buy-to-Rent loan program offers a 24 month term, with a 12 month extension available, ensuring that our customers have rental property financing that goes the distance.

Loan Criteria

Collateral:

Non-owner occupied 1-4 family real estate; condos; townhomes

Term:

24 months (12 month extension available)
*an extension fee applies

Loan Amount:

$50K – $7.5M for 1-4 family, condos, & townhomes

Rates:

Starting at 7.49%

LTV:

PurchaseThe lesser of up to 80% of the As-Is value or up to 80% Loan-to-Cost
Refinance: Up to 75% of the As-Is value
Cash-Out: Up to 70% of the As-Is value

Minimum As-Is Property Value:

$75k for 1-4 family, condos, & townhomes

Minimum FICO:

620

Rent Coverage Ratio (Monthly Rent/Monthly Debt Service):

1:15

Buy-to-Rent Loan Program Typical Rates

NEW INVESTOR

Owned 0 to 2 investment properties (flips and/or rentals) in the last 3 years

INTERMEDIATE INVESTOR

Owned 3 to 9 investment properties (flips and/or rentals) in the last 3 years

EXPERIENCED INVESTOR

Owned 10+ investment properties (flips and/or rentals) in the last 3 years

LTV

      

     Starting at 10.49%

 

 

      Starting at 8.35%

                            

 

        Starting at 7.49%