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Rental Loans

The PCFC Group can help you get financed to purchase or refi single-family houses, 2 to 4 units, condos or apartments to hold as investment properties and only need a short term loan. The terms and rates listed below are examples of what you could receive for your particular loan. All loan programs, terms and rates are based on property valuation and borrower credit. Please call Troy at 804-658-7179 to discuss your particular scenario.

Single Family, 2 to 4 units, Apartments Short Term

For 30 years loans – click to jump below.

Loan Use: This loan is available to real estate investors who buy single-family houses, 2 to 4 units, condos or apartments to hold as investment properties and only need a short term loan.

Minimum Loan Amount: $50,000 | Minimum FICO Mid-Score: 660 | Prepayment Penalty: 5%

Prepayment penalty is 5% of unpaid balance within first 6 months. Minimum property value is $75,000.

DSCR: only 1.25 and higher | Loan to Value: Up to 75% | PCFC Group Broker Fee: 1%

LTV offered is determined by borrower credit rating.

Term: 2 Year, Interest Only Balloon | 1 year extension is available for 1% fee

Types of Financing: Purchase, Refinance Rate and Term, Cash Out

Interest Rates: Rates are based on LTV and Credit Score (see below).

FICO ≤50% LTV 50.01-55% LTV 55.01-60% LTV 60.01-65% LTV 65.01-70% LTV 70.01-75% LTV
740+ 7.0% 7.1% 7.2% 7.4% 7.65% 7.90%
700-739 7.2% 7.3% 7.4% 7.6% 7.85% 8.10%
680-699 7.4% 7.5% 7.6% 7.8% 8.05%
660-679 7.45% 7.55% 7.8% 8.0%

 

To learn more about the Borrower Underwriting, Property Underwriting and the required DSCR for this loan,
sign-up below and you will get a copy of our loan package guide!

 

Single Family, 2 to 4 units, Apartments 30 Year Term

Loan Use: This loan is available to real estate investors who buy single-family houses, 2 to 4 units, condos or apartments to hold as investment properties and who are looking for a long term fixed interest loan.

Minimum Loan Amount: $50,000 | Minimum FICO Mid-Score: 660 | Prepayment Penalty: 5-4-3-2-1

Prepayment penalty is 5% in year 1, stepping down 1% every year thereafter. After year 5, there is no penalty.

Minimum property value is $75,000 single collateral loans / $60,000 on portfolio loans.

DSCR: only 1.3 and higher | Loan to Value: Up to 75% | PCFC Group Broker Fee: 1%

LTV offered is determined by borrower credit rating.

Term: 30 Year Fixed or 5/1 ARM (5-Year Fixed, 30-Year Term, No Balloon), Full amortization

Types of Financing: Purchase or Refinance

 

Interest Rates for the 5/1 ARM

DCSR > 1.5 DSCR 1.3 – 1.5
FICO/LTV ≤60% 60.01-65 65.01-70 70.01-75
740+ 4.99% 5.20% 5.30% 5.40%
720-739 5.50% 5.55% 5.60% 5.70%
700-719 5.70% 5.75% 5.85% 6.25%
660-699 6.20% 6.30% 6.70%
≤60% 60.01-65 65.01-70 70.01-75
5.05% 5.40% 5.50% 5.60%
5.70% 5.75% 5.80% 5.90%
5.90% 5.95% 6.05% 6.45%
6.40% 6.50% 6.90%

 

Interest Rates for the 30 Year Fixed

DCSR > 1.5 DSCR 1.3 – 1.5
FICO/LTV ≤60% 60.01-65 65.01-70 70.01-75
740+ 6.99% 7.20% 7.30% 7.40%
720-739 7.50% 7.55% 7.60% 7.70%
700-719 7.70% 7.75% 7.85% 8.25%
660-699 8.20% 8.30% 8.70%
≤60% 60.01-65 65.01-70 70.01-75
7.05% 7.40% 7.50% 7.60%
7.70% 7.75% 7.80% 7.90%
7.90% 7.95% 8.05% 8.45%
8.40% 8.50% 8.90%

 

To learn more about the Borrower Underwriting and Property Underwriting for this loan,
sign-up below and you will get a copy of our loan package guide!