Rental Property loan – the shortcut to funding and and understanding where rates come from.
rent and property expenses when talking to lender. Most will want property to cash flow by 20% (DSCR)
There no income loans available which dont use personal income or property income – great for higher value properties which may not show enough cash flow.
anything under 5% – most likely a fannie – freddy (these are conventional loans – the Government insures these- thus the low rates
5-6 % – most likely small – community banks (portfolio loans)
6% -8% – most likely non bank funds , can be portfolio or sold off on 2ndary market.
if your over 70% LTV , expect non bank loans in 7’s
There is your short cut