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Nationwide Mortgage - Rental Property Loans

Nationwide Mortgage - Rental Property Loans, established in 1998 in San Jose, California, specializes in DSCR long-term rental loans for residential investment properties. They offer flexible financing options, including loans for single-family homes, condos, and multi-unit properties, with varied credit requirements.

Long-Term Financing for Residential Investment Properties

Nationwide Mortgage, established in 1998, offers DSCR long-term rental loans for residential investment properties up to 4 units.

We offer one of the most flexible rental property loan programs…

  • Max 80% LTV for a Purchase (20%+ cash down payment required)
  • Max 80% LTV for a Refinance with no cash out
  • Max 75% LTV for Refinance with cash out
  • Loan amounts over $3M considered case-by-case
  • Broker Compensation of Lender Paid or Broker paid  or any combination of the two up to 4 points
  • We accept appraisal transfers and attempt to match rates!

PROPERTY:

  • SFR, Condos, 2 Unit, 3 Units, 4 Units
  • Rural locations considered
  • DSCR down to .80 and ‘No Ratio’ DSCR program available
  • Long Term & Short-Term Rentals (Airbnb, VRBO, etc.)
  • Non-Warrantable Condos
  • Manufactured Homes
  • Condotels

BORROWER:

  • NO Reserves Required w/ 625+ FICO
  • No income or job verification
  • Minimum credit score: 600 FICO
  • Borrower can be Individual or an Entity (except in GA, MT, NJ, VA it must be an entity)
  • Foreign Nationals, ITIN and Non-Permanent Resident Aliens may qualify
  • First Time Home Buyer and Inexperience Investors allowed (no primary residence necessary)
  • Mortgage lates and past foreclosures accepted

Do you have any loans we can price out for you today? Please email through our profile or call to discuss: 408-869-1759.

Please note: DSCR loans are only for income-producing investment properties. Living in one unit and renting the rest is not an investment property.

Common Loan Scenarios
  • Residential Properties up to 4 units
  • Long-term rentals, STR, Condotels
  • Low credit scores down to 600
  • DSCR as low as 0.70
  • Rural and Urban Locations
  • Loans to Individuals and Entities
  • Foreign National Borrowers
  • Manufactured Homes
Scenarios Not Considered
  • Owner-occupied homes
  • Living in one unit, renting the rest
  • Cabins
  • Mobile Homes

Details and Requirements

Property Geographic Area Details

Most states Nationwide.  Some states require the property be held by an entity, not a natural person like GA, MT, NJ, and VA.

Loan Amounts

$100,000 to $5,000,000

Interest Rates

6.25% to 8.75%

Origination Fees

0% to 2%

Loan Terms

12 to 360 months

Lien Position

1st

Credit Check Required

yes

Credit Check Details

Minimum 600 FICO score. We can work with borrower with financial challenges - low FICO score, past foreclosure, mortgage lates, etc.

Minimum Credit Score Required

600

Prepayment Penalty

yes

Prepayment Penalty Details

Minimum 1 year prepayment penalty

Typical Closing Time (Days)

21

Fastest Closing Time (Days)

14

Payment Structure
  • Interest Only
  • Amortized
Personal Guaranty (Recourse) Required
Always
Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Corporation
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Will Consider Collateralizing Multiple Properties in One Loan

no

Will lend to a foreign national

yes

Maximum loan-to-value will be lower for foreign nationals. Borrower must have a tax ID number.
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Equity Joint Venture

no

Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Why Nationwide?

Established – 1997

Funded to Date – $5+ billion funded

Closed Loans – 10,000+

Experience: We have been around for over 20 years and have seen a thing or two.  There is no substitute for Experience.

Programs: Some companies only have a limited credit box.  If you don’t qualify for those programs then you need to start over. For example, some Borrowers have come to us thinking they needed a Private or Hard money loan, and we were able to get them a Non-Prime product with much better terms.  Options are always good to have.

Service:  We strive to treat every Borrower the way we want to be treated.  Under-promise and always over-deliver.  By harnessing the latest technology & skills from a talented team, nothing beats that.

Office Locations

1963 O'Toole Way, Suite 200, San Jose, California 95131

Connect with Nationwide Mortgage - Rental Property Loans:

Our Team

Noelle Wheeler

President

California DRE Broker - 01125188
Florida MLO - LO29466
Washington MLO - 32388

Info Our minimum loan amount is $100,000

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