Rental properties can be a great way to enhance your investment portfolio.
Get funded for your next property with our Rental Property Loan option.[1]
We offer both refinance and cash-out equity programs to help
you grow and reach your next goal.
OR, BUNDLE 2+ PROPERTIES (RENTAL PORTFOLIO LOAN) ›

All About Our Rental Property Loans

  • No personal income or tax verification needed
  • No-fee alternative valuation and rent schedule option available (for select properties[18])
  • Funds up to 80% LTV for purchases and up to 75% cash-out[3]
  • Property loans from $300K to $10MM[13]
  • Single-family rentals of all sizes welcome
  • Foreign nationals welcome (70% LTV max, select countries only)
  • Interest-only payments
  • 30-year property loan terms
  • Minimum 640 FICO

Rental Property Loans

LOAN PURPOSE Options include: purchase, limited cash-out, or complete cash-out[3]
BORROWER Individual or group
ACQUISITION MINIMUM 1 rental property per loan
INTEREST RATE[1] Rates as low as 7%
TERM 30-year fixed
EXPERIENCE No first-time homebuyers
MINIMUM CREDIT SCORE 640
MAXIMUM LOAN-TO-VALUE (LTV)[4] 80% on purchase, 75% on cash-out[3]
MINIMUM LOAN AMOUNT $300K-$10MM[13]
VACANCY MAXIMUM Vacancy requires a max LTV of 60%
SEASONING REQUIREMENT 180 days
RURAL PROPERTIES Unqualified
FOREIGN NATIONALS
  • Based on select countries list
  • LTV max is 70%
PROPERTY TYPES
  • Single-family homes
  • 2-4 unit properties
  • Condos
  • Townhomes

How a Rental Property Loan
Can Work for You

  • Each one of your rental properties operates like an independent business. It isn’t affected by your other investments or personal financial history.[1]
  • Each property is evaluated on its own and can leverage benefits accordingly.[9]
  • We will thoughtfully advise and lead you through the entire process, answering all the questions you have along the way.

Find out what Penstock can do for you

Compare offers
From up to 3 lenders
Request a quote
Use our rental loan calculator to get an instant quote on a loan that’s tailored to your needs
Get a quote