Looking to Purchase a Property to Hold for as a Rental Property?
Kapital Partners is committing to your future investments with our Long-Term Rental loan program. This program offers a 30-year term and rates starting at 5.99% to ensure that our customers have true long-term financing options.
LOAN CRITERIA
Collateral:
Non-Owner Occupied 1-4 Family Real Estate; Condos; Townhomes; Planned Unit Development (PUD)
LTV:
Purchase: The lesser of up to 80% of the As-Is Value or Up to 80% Loan-to-Cost
Refinance: Up to 75% of the As Is Value
Cash-Out: Up to 70% of the As Is Value
Loan Amount:
$75k – $1M
Rates
Starting at 5.99%
Minimum FICO:
660
Property Debt-To-Income Ratio (PDTI):
For Property Values Between $100k & $150k: Must be less than for equal to 75% of interest & scheduled principal
For Property Values Greater Than $150k: Must be less than or equal to 85% of interest & scheduled principal
Term:
30 Years
Property Values:
“As Is” Appraised Value Must Be $100k or Greater
LONG-TERM RENTAL LOAN PROGRAM
PURCHASE
Lesser of Up to 65% of the As-Is Value or 65% of the Loan-to-Cost
Lesser of Up to 70% of the As-Is Value or 70% of the Loan-to-Cost
Lesser of Up to 75% of the As-Is Value or 75% of the Loan-to-Cost
REFINANCE
Up to 60% of the As-Is Value
Up to 65% of the As-Is Value
Up to 70% of the As-Is Value
CASH-OUT
Up to 55% of the As-Is Value
Up to 60% of the As-Is Value
Up to 65% of the As-Is Value
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.