By capital / December 29, 2021
Looking to Purchase a Property to Hold for as a Rental Property?
Campos Capital Group remains committed to your future investments with our long-term rental loan program. This program offers a 30 year term and rates starting at 3.75% to ensure that our customers have true long-term financing options.
Loan Criteria
Collateral
Non-owner occupied 1-4 family real estate; condos; townhomes; Planned Unit Development (PUD)
Amortization Options:
30 year fixed,
hybrid ARMS (5/1, 7/1, 10/1), &
5 & 10 year interest-only
Loan Amount:
$50K – $2M
Rates
Starting at 3.75%
LTV:
Purchase: Lesser of up to 80% of the As-Is value or up to 80% Loan-to-Cost
Refinance: Up to 80% of the As-Is value
Cash-Out: Up to 75% of the As-Is value
Property Values:
As Is appraised value must be $75k or greater (geographical restrictions may apply)
Debt Service Coverage Ratio (DSCR):
1:10
Minimum FICO:
620
Long-term Rental Loan Program
Fico
Maximum Loan-to-Value (LTV)
Maximum Loan-to-Cost (LTC)
700+
Up to 80% of the As-Is value
Up to 80% Loan-to-Cost
680 – 699
Up to 75% of the As-Is value
Up to 80% Loan-to-Cost
Purchase
660 – 679
Up to 70% of the As-Is value
Up to 70% Loan-to-Cost
640 – 659
Up to 65% of the As-Is value
Up to 65% Loan-to-Cost
620 – 639
Up to 65% of the As-Is value
Up to 70% Loan-to-Cost
Foreign Nationals
Up to 70% of the As-Is value
Up to 65% Loan-to-Cost
Fico
Maximum
Loan-to-Value (LTV)
700+
Up to 80% of the As-Is value
680 – 699
Up to 75% of the As-Is value
Refinance
660 – 679
Up to 70% of the As-Is value
640 – 659
Up to 65% of the As-Is value
620 – 639
Up to 65% of the As-Is value
Foreign Nationals
Up to 70% of the As-Is value
Fico
Maximum
Loan-to-Value (LTV)
700+
Up to 80% of the As-Is value
680 – 699
Up to 75% of the As-Is value
Refinance
660 – 679
Up to 70% of the As-Is value
640 – 659
Up to 65% of the As-Is value
620 – 639
Up to 65% of the As-Is value
Foreign Nationals
Up to 70% of the As-Is value