Rental Property Loans for Long-Term Investors

Lock in a low fixed rate on a 30-year loan. Qualify with no personal income check and close within 30 days.

Bank-like terms
without the hassle

Rates starting at 7.625%

for a 30-year term loan

Flexible underwriting

loans down to 640 credit score and no personal income requirement

Bundle multiple properties together

in a single portfolio loan

Straight-forward approach

with personal guidance from a MoFin team member

Rental Loan Highlights

  • 30-year term (fixed rate, ARM, and interest-only options available)
  • Property types: Single-Family, Multifamily (2-4 units), Mixed-use/Multifamily of up to 8 units, Condo, Townhouse
  • Short-term rentals (Airbnb) eligible with 12-month income history
  • Loan amounts: $100,000 - $2,000,000
  • Mixed-use and Multifamily of 5-8 units have a minimum loan amount of $300,000
  • Rates starting at 7.625%
  • LTV Limits:
    • Purchase: 80%
    • Rate/Term Refinance: 75%
    • Cash-Out Refinance: 75%
  • No personal income check or tax returns required

Rental Loan FAQ'S

  • Where do we lend?

    MoFin currently lends in Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin and Wyoming. Please reach out to us at if you have any questions.

  • What property types are eligible?

    Single family homes, 2-4 unit multifamily properties, as well as 5-8 unit multifamily and mixed-use properties, townhomes, and condos. We do not lend against modular or mobile homes. We do not lend against properties in rural areas/markets.

  • What’s the minimum credit score?

    640. Scores below 700 may be subject to LTV reductions and other requirements.

  • What is the max LTV?

    Max LTV is 80% on purchases and 75% on rate/term refinances and cash-out refinances.

  • How quickly can you close?

    21 – 30 days.

  • How do I get started?

    We can pre-qualify your loan once you submit your request to us through our website, by email, or by calling us at 866-900-6634. We’ll provide you with a pre-qualification letter or proof of funds letter if you need one. We will also send you a Term Sheet, which lays out all the terms and conditions of your loan and includes a Closing Cost Estimate. If the Term Sheet looks good, you sign it, pay our $299 application/processing fee, and we move the loan into underwriting.

  • Can I pick the appraiser and title company?

    We handle the appraisal process through what’s called an appraisal management company (AMC). We also submit quotes with local appraisers. We try to get you the best cost and turnaround time from a reputable company. As for title work, you are free to pick the title company/firm we work with.

  • Can you do a cash-out refinance and what’s the seasoning requirement?

    Yes, we can do a cash-out refi. We require at least 6 months seasoning to go off of appraised value. If you have not seasoned title for 6 months, our loan amount will be limited to 90% - 100% of your total cost basis (purchase price + documented renovation costs).

  • Do you lend to entities or trusts?

    Yes, we can lend to your LLC, corporation, or inter vivos revocable trust.

  • Do you require a personal guaranty?

    Yes, all members of the entity must give a personal guaranty at closing. That means everyone involved in the transaction, regardless of whether they own 1% or 99% of the ownership in the entity will have their credit & background checked.

  • Can I use gift funds or another loan for the down payment?

    No, the down payment must be sourced from the borrower.