+1-215-515-6966
info@fairmountfunding.net
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+1-215-515-6966

info@fairmountfunding.net

fairmount logo 01
Apply Now

Single Rental Loans

Key Facts
  • DSCR loan with no W2s, paystubs, or tax returns required.
  • Minimum 660 FICO.
  • Single Family Rental (SFR), warrantable condos, townhomes, PUD, 2-4 units eligible.
  • Foreign Nationals eligible.

LOAN PURPOSE: Purchase, rate-term refinance, or cash-out of a single rental property.

LOAN AMOUNT: $75K - $2MM.

TERM: 30-year fixed, ARM options available.

BORROWER TYPE: Entity required.

MINIMUM EXPERIENCE: NO prior experience required.

MAXIMUM LOAN-TO-VALUE (LTV): Up to 80% on purchase and rate & term. Up to 75% on cash-out.

VACANCY MAXIMUM: Purchases only or leased within 30 days.

PROPERTY OR UNIT ACQUISITION MINIMUM: 1 property per loan.

MINIMUM FICO: 660.

FOREIGN NATIONALS: Not allowed from ineligible country list.

PROPERTY TYPES: Non-Owner Occupied, Attached or Detached SFR, 2-4 unit properties, Warrantable Condos, Townhomes.

single rental loans

Why Choose a Fairmount Single Rental Loan?

  • We don’t limit the number of rental properties you can own, so we give you maximum flexibility.
  • Grow with Fairmount: As you fund more property loans with us and gain experience, your terms may improve.
  • We underwrite to the cash flow the property will produce, not your personal income.

Ready to fund your next rental property?

Get Funding Now
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