Looking to Purchase a Property to Hold for as a Rental Property?
RCN Capital 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)
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)