Rental Property Loans
Long-term financing solutions designed for investors building wealth through buy-and-hold rental properties.
Why Choose Our Rental Property Loans?
Build Your Portfolio
Finance up to 20 properties with our scalable rental loan program, designed for investors growing their real estate portfolio.
No Tax Return Loans
Qualify based on property cash flow, not personal income. Our DSCR loans make it easier for self-employed investors and those with complex tax situations.
Long-Term Stability
Enjoy 30-year amortization with 5, 7, or 10-year fixed rate terms, giving you predictable payments and maximized monthly cash flow.
Diverse Property Types
Finance single-family homes, multi-family (2-4 units), condos, townhouses, and small apartment buildings with flexible loan options.
Rental Property Loan Details
Loan Features
- Loan Amount: $75,000 - $2,000,000
- Loan Term: 5, 7, or 10-year fixed
- Amortization: 30 years
- Interest Rate: Starting at 6.25%
- Points: 1-2 points
- LTV: Up to 80% of property value
- DSCR: Minimum 1.0 (rental income must cover mortgage payment)
- Prepayment: 5-3-2-1-0 step-down prepayment penalty
Property Types
- Single-family residences
- 2-4 unit residential properties
- Condominiums/Townhouses
- Small apartment buildings (5-20 units)
- Mixed-use properties (primarily residential)
- Planned Unit Developments (PUDs)
Borrower Requirements
- Minimum credit score: 650
- Maximum number of financed properties: 20
- Experience: Preferred but not required
- Bankruptcy/Foreclosure: None in past 3 years
- Entity: Personal name or LLC/Corporation
- Foreign nationals eligible (additional requirements apply)
Loan Program Comparison
| Feature | DSCR Program (No Income Verification) | Full-Doc Program |
|---|---|---|
| Qualification | Property cash flow only | Income verification required |
| Max LTV | 75% | 80% |
| Rates From | 6.75% | 6.25% |
| Documentation | Minimal (property info, credit) | Full (tax returns, bank statements) |
| Closing Speed | 7-14 days | 14-21 days |
| Best For | Investors with multiple properties or complex income | Traditional borrowers seeking best rates |
Rental Property Loan Calculator
Estimate your monthly payments and cash flow with our interactive loan calculator. See how different loan terms and property scenarios impact your investment returns.
Loan Summary
Cash Flow Analysis
This calculator provides estimates only. Contact us for a personalized analysis of your investment opportunity.
Get Pre-ApprovedFrequently Asked Questions
What is a DSCR loan and how does it differ from traditional financing?
A Debt Service Coverage Ratio (DSCR) loan qualifies based on the property's ability to generate income rather than the borrower's personal income. The DSCR is calculated by dividing the property's net operating income by the debt service (mortgage payment). A DSCR of 1.0 or higher means the property generates enough income to cover its mortgage payment.
Unlike traditional financing, DSCR loans don't require tax returns, W-2s, or employment verification. This makes them ideal for self-employed investors, those with complex tax situations, or investors who already have multiple mortgages that might limit their ability to qualify for conventional loans.
Can I refinance my existing rental properties with eFunders?
Yes, we offer refinancing options for existing rental properties. Many investors use our refinancing programs to:
- Pull out equity to purchase additional investment properties
- Consolidate multiple loans into one loan with better terms
- Transition from a short-term loan to a long-term rental loan
- Secure a better interest rate or payment structure
Our refinance loans have the same general terms as our purchase loans, with loan-to-value ratios up to 75% for cash-out refinances and 80% for rate-and-term refinances.
What does the 30-year amortization with a 5, 7, or 10-year term mean?
Our rental property loans feature 30-year amortization schedules, which means your monthly payments are calculated as if you were paying the loan over 30 years. This results in lower monthly payments, which helps maximize cash flow.
The 5, 7, or 10-year term refers to how long your interest rate is fixed and when the loan balance becomes due. At the end of this fixed period, you have several options:
- Refinance the loan with us or another lender
- Sell the property
- Pay off the remaining balance
This structure combines the benefits of low monthly payments with the stability of a fixed interest rate for an extended period.
How many properties can I finance through your rental loan program?
Our rental loan program allows you to finance up to 20 properties with us. Unlike many conventional loan programs that limit borrowers to 4-10 financed properties, our program is designed for investors building larger portfolios.
For investors with more than 10 properties, we offer portfolio loans that can cover multiple properties under a single loan, often with better terms and simplified management. Please contact us for details about our portfolio loan options for larger-scale investors.
Do you offer loans for short-term rentals like Airbnb or VRBO properties?
Yes, we offer specialized financing for short-term rental properties. Our short-term rental loan program takes into account the unique income characteristics of vacation rentals and allows you to use projected short-term rental income for qualification.
For properties with an established short-term rental history (6+ months), we can use the documented income in our DSCR calculations. For properties without rental history, we work with third-party vacation rental income analysis tools to determine projected income based on comparable properties in your market.
Short-term rental loans typically require a slightly higher down payment (25-30%) and have interest rates approximately 0.5-0.75% higher than our standard rental property loans.
Have more questions about our rental property loan programs? Our lending specialists are ready to help you find the perfect financing solution for your investment strategy.
Get Pre-Approved TodayBuild Your Rental Portfolio
Join thousands of successful real estate investors who use eFunders to finance their rental properties and build long-term wealth.