Long Term Rental
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 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
Minimum FICO:
620
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
Long-term Rental Loan Program
| Fico | Maximum Loan-to-Value (LTV) | Maximum Loan-to-Cost (LTC) | |
|---|---|---|---|
| Purchase | 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 | |
| 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) | |
|---|---|---|
| Refinance | 700+ | Up to 80% of the As-Is value |
| 680 – 699 | Up to 75% of the As-Is value | |
| 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 |
