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:

PurchaseLesser 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