Rental Loans
Property Rental Loans
Whether you’re a first-time investor looking to purchase your first rental property or an experienced investor looking to expand your rental business, True American Funding can provide you with the financing you need to achieve your goals. We offer a variety of flexible loan options that are tailored to the specific needs of each client.
What Are Rental Loans?
Rental property loans are a type of mortgage that is secured by the investment property itself. This means that if the borrower defaults on the loan, the lender can seize the property to recoup their losses. Rental property loans are typically offered to investors who plan to rent out the property to tenants.
What Rental Loans Cover
True American Funding offers rental loans for a variety of properties, including single-family homes, warrantable and non-warrantable condominiums, and two- to four-unit residential properties. The maximum loan amount and interest rate will vary depending on your individual needs, but you can be confident that True American Funding will work hard to get you the best possible rates and terms.
What You Will Need
Unlike traditional lenders, True American Funding does not require income verification to approve your loan. We focus on the potential of the investment property instead. We carefully evaluate each opportunity to determine the possible returns, and we only ask for minimal documentation before processing your request. Your loan officer will reach out to you via email with a list of the documents we need.
What to Expect
True American Funding offers 30-year fixed rate mortgages, 5/1, 7/1, and 10/1 ARM options for rental properties. We process portfolio loans in many cases, and your loan will close in just 14 business days. The entire process from start to finish takes as little as three to four weeks. We understand that investors must move quickly to take advantage of the best opportunities, and we will ensure that you have your funds in a timely manner.
