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.

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%
Loan Terms
12 months to 360 months
Origination Fees
0% to 2%
Lien Position
1st
What we do:
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
What we don’t consider:
Owner-occupied homes
Living in one unit, renting the rest
Cabins
Mobile Homes
Credit Check Required

yes

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

yes

Minimum 1 year prepayment penalty
Typical Closing Time (Days)

21

Maximum Leverage

Purchase Long-Term
Max LTP Residential: 80%
Max LTP Multifamily: 80%
Refinance Long-Term
Max LTV Residential: 75%
Max LTV Multifamily: 75%

Property Types

  • 2-4 Units Residential
  • Condominium
  • Manufactured Home
  • Single Family Residence

Loan Types

  • Residential Long-Term Rental

Specialty Loan Types

  • Residential Long-Term Rental
  • Residential Short-Term Rental
  • Vacation Rental
The minimum down payment is 20% cash, and it could be higher depending on the debt service coverage ratio. You cannot use equity in another property for a long-term rental loan but we can help you get a separate equity cash out loan for a short term.

Max Loan-to-Purchase Price

80%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner

Minimum Loan Amount

$100,000

Maximum Loan Amount

$5,000,000

Minimum Interest Rate

6.25%

Maximum Interest Rate

8.75%

Maximum Origination Fee

2%

Minimum Loan Term

360 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

75%

Maximum Loan-To-Purchase

80%

Minimum Debt Service Coverage Ratio

0.80

Minimum Credit Score

600

Will Lend on a Portfolio of Properties

Yes

Minimum Property Value

$120,000

Underwriting Fee

Minimum $1,000

Fees which are mandatory for all new borrower clients

  • Underwriting Fee

Fees which are paid to a third party company

  • Settlement Fee
  • Appraisal Fee
  • Credit Report Fee

Details and Requirements

Fastest Closing Time (Days)

14

Payment Structure
  • Interest Only
  • Amortized
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 Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Corporation
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Minimum Credit Score Required

600

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

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

Contact Nationwide Mortgage – Rental Property Loans

Nationwide Mortgage – Rental Property Loans pays us to be listed, so there is no fee to connect with them directly.
(408) 869-1759 (408) 869-XXXX
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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.

License

CA DRE Brkr #01247594, FL Mtg Brkr #MBR2347, WA Mtg Bkr #MB-32417.

Company Size (Number of Employees)

5

Year Established

1998

Office Locations

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

Primary Capital Source
  • Individual Investors
  • Family Offices
  • Single Capital Partner
  • Other Private Lending Companies
Loan Structure for Majority of Loans
  • One Investor One Loan
  • Table Funding with Capital Partner

Our Team

Noelle Wheeler

President

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

Contact Nationwide Mortgage – Rental Property Loans

Nationwide Mortgage – Rental Property Loans pays us to be listed, so there is no fee to connect with them directly.
(408) 869-1759 (408) 869-XXXX
Click to show phone number
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What we do:
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
What we don’t consider:
Owner-occupied homes
Living in one unit, renting the rest
Cabins
Mobile Homes

Contact Nationwide Mortgage – Rental Property Loans

Nationwide Mortgage – Rental Property Loans pays us to be listed, so there is no fee to connect with them directly.
(408) 869-1759 (408) 869-XXXX
Click to show phone number
Send email Visit Website

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