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 5.5%

for a 30-year fixed rate loan

Flexible underwriting

loans down to 650 credit score and no 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 (up to 4 units), Condo, Townhouse
  • Loan amounts: $75,000 - $2,000,000
  • Rates starting at 5.5%
  • LTV Limits:
    • Purchase: 75%
    • Rate/Term Refinance: 70%
    • Cash-Out Refinance: 65%
  • No personal income check or tax returns required
  • Short-term rentals (Airbnb) eligible with 12-month income history

Rental Loan FAQ'S

  • Where do we lend?

    MoFin currently lends in Alabama, Arkansas, 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. If you have a question about another state, please email us.

  • What property types are eligible?

    Single family homes, 2-4 unit multifamily properties, townhomes, and condos. We do not lend against modular or mobile homes.

  • What’s the minimum credit score?

    660. Scores below 700 may require LTV restrictions or additional liquid reserves.

  • What is the max LTV?

    75% on purchases and 70% on 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 or by email. We’ll provide you with a pre-qualification 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. If the Term Sheet looks good, you sign it, pay our $299 application 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). You are free to pick the title company.

  • 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.