Single Property Rentals
Roc Capital Makes Rental Loans Easy
Roc Capital Single Property Rental loans provide you with a reliable funding source for your landlords against cash flowing 1-4 family houses.
Single Property Rental Terms
PROPERTY TYPES | Single Family/2-4 Unit/Townhomes/PUD/Warrantable Condos |
LOAN AMOUNT | $75,000 - $2,000,000 |
LOAN TYPES | ■ 30-Year Fixed Rate Mortgage (Fully Amortizing) ■ 5/6, 7/6, 10/6 Hyrbid ARMs (Partial IO or Fully Amortizing) |
MAXIMUM LOAN TO COST | If Owned < 3 months, 80% of Total Cost Basis |
MAXIMUM LOAN TO AS-IS VALUE (SUBJECT TO MINIMUM FICO) | ■ Purchase/Rate-Term Refinance: 80% ■ Cashout Refinance: 75% |
MINIMUM DEBT SERVICE COVERAGE RATIO (GROSS RENT/PITIA) | 1.10x |
TERM LENGTH | 30 Years |
RECOURSE | Full Recourse Only |
MINIMUM GUARANTOR FICO | Mid-Score of 660 |
LEASE REQUIREMENTS | ■ Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent ■ Unleased Units: 90% of Market Rent (Purchase Loans only) |
Quick and easy
Borrower-friendly loan options
Fixed rate and hybrid ARMs, up to 10-year IO periods, easy step down prepayment penalty options.
Flexible rates and terms
FAQs
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