Single Family Rental Loans
Single-family rentals make up more than half of rental market, making them one of the fastest-growing asset classes today. With an increasing demand for affordable houses, single-family rental homes are perfect for real estate investors looking to earn income and see a fast return on investment. The best way to start is to get approved for a single-family rental loan.
Understanding how to get a rental property loan is the key to success when investing in real estate rental properties. Before getting started, look into what information and assets banks and private lenders require, as this will make the loan approval process significantly simpler.
There for are several options for single-family rental loans, including portfolio loans. Investors with multiple single-family properties might consider getting a portfolio loan to help to make their investments more manageable, as they let investors finance multiple projects with just one lender.
About Our Single-Family Rental Loans
When borrowing from a bank, single-family rental (SFR) loans typically require a significant down payment and a high credit score. Banks or financial institutions will also look at your debt-to-income ratio, which could make the qualifying process more difficult. SFR loans are similar to applying for a mortgage on a home, but because these properties are not occupied by the borrowers, the loans needed may be seen as higher risk.
SFR loans are often regarded as higher risk because borrowers may struggle to find people to rent out their properties, especially in times of economic downturn. This could result in them simply returning their keys to the investment property and walking away, something that no bank wants!
InstaLend single-family rental loans may be easier for investors than traditional loans because our loans are primarily asset-based. This means we do not require income verification. Additionally, our single-family rental loans can be customized to cater to each investor’s specific needs.
InstaLend’s single-family rental loan terms are 30 years; the loan amount is $75,000+ and covers single-family properties ranging from one to four units.
Why You Should Apply for Single-Family Rental Loans at InstaLend
Count on InstaLend for any short-term and long-term real estate investments needs. We offer four unique loan programs including Fix & Flip Loans, Rental Loans, Bridge Loans, and New Construction Loans.
We streamline our loan process with minimal paperwork to make it easier for our investors to get approved fast. What’s more, we provide expedited lending to both new and experienced investors. We encourage you to speak with our in-house experts for additional insight and guidance. They will be happy to walk you through the real estate investment loan process every step of the way.
There are no startup fees required to apply for a loan with InstaLend. As your reliable capital partner, we will always show up for a closing, which can even take place within just one week from when you get your appraisal report. We understand the time crunch of securing a new investment and we are committed to making the process as quick and easy as possible.
Feel free to call us at 929-523-8947 for more information about our lending products, or request for pre-approval today.