An Overview of Visio’s Residential Rental Loan Programs

Posted by Hannah Lapin on Dec 4, 2019 9:00:00 AM

Residential Loan Programs Overview

Visio Lending is the nation’s leader in rental loans because we offer the fastest, simplest, and most dependable mortgage financing to enable investors to grow their rental portfolios. We have dedicated a blog category called “The Visio Box” to educate our borrowers on how our loan programs are specifically designed for professional investors. We have written about our key investor strategies, our product use cases, our rate structures and more. Now we want to give you a consolidated overview of our residential rental loan programs: Single Asset, Portfolio, and Vacation.

 

Single Asset

  • Loan Amount- $75,000- $2 Million (call for higher amounts)
  • Use Case- Rate & Term Refinance, Cash-Out Refinance, Purchase
  • Rate Structure- 5/1 ARM, 7/1 ARM, 30-Yr Fixed
  • Loan Term- 30 Years, No balloons
  • Loan-to-Value (LTV)- Up to 80%
  • Minimum Property Value- $125,000 (higher minimums in certain areas)
  • Minimum Credit Score- 680
  • Reserves Requirement- 6 Months PITIA (Principal, Interest, Taxes, Insurance, and Association Dues)

Portfolio

  • Number of Properties- 4-8
  • Loan Amount- $300,00 - $2 Million (call for higher amounts)
  • Use Case- Rate & Term Refinance, Cash-Out Refinance
  • Rate Structure- 5/1 ARM, 7/1 ARM, 30-Yr Fixed
  • Loan Term- 30 Years, No balloons
  • Loan-to-Value (LTV)- Up to 80%
  • Minimum Property Value- $125,000 (higher minimums in certain areas)
  • Minimum Credit Score- 680
  • Reserves Requirement-6 Months PITIA (Principal, Interest, Taxes, Insurance, and Association Dues)

Vacation Rental

  • Loan Amount- $75,000- $2 Million (call for higher amounts)
  • Use Case- Rate & Term Refinance, Cash-Out Refinance, Purchase
  • Rate Structure- 5/1 ARM, 7/1 ARM, 30-Yr Fixed
  • Loan Term- 30 Years, No balloons
  • Loan-to-Value (LTV)- Up to 80%
  • Minimum Property Value- $125,000 (higher minimums in certain areas)
  • Minimum Credit Score- 680
  • Reserves Requirement- 6 Months PITIA (Principal, Interest, Taxes, Insurance, and Association Dues)

Contact us for more information on our loan products or to get started with your loan. 

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Want to learn more about how savvy investors are using our rental loan programs? Check out our Investor Resources today!

 

Editor's Note: This post was originally published in December 2019 and has been updated in December 2020 for freshness and accuracy. 
 

Related: 3 Investor Financing Options, How Visio Determines Interest Rates

Topics: Real Estate Investing, Finance, The Visio Box

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Disclaimers: Please note that our blog contains affiliate links, and at no additional cost to you, Visio Lending will earn a commission if you decide to make a purchase after clicking through the link. As an Amazon Associate, I earn from qualifying purchases. Please understand that we have experience with all of the companies we recommend, and choose to refer our borrowers and partners because they are helpful and useful, not because of the small commissions we make. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

 

The information in this blog has been prepared solely for informational purposes. The contents are based upon or derived form information generally believed to be reliable although Visio accepts no liability with regard to the user's reliance on it. For legal advice, please contact your counsel.

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Visio Lending is the nation's premier lender for buy and hold investors offering, long-term loans for SFR rental properties, including vacation rentals.

 

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