Residential Real Estate

Residential Property Loans

If you are contemplating on becoming a landlord or looking for ways to pull equity out of your existing investment property, or considering a speculative purchase to enable you to make a good flip in a year or two, then you should consider a loan that can help you achieve your goals. Investing in a property is a big decision to make, and it often requires careful consideration. However, with the right funding, you can pursue your investment goals with confidence and conviction.

What are residential real estate loans?

Residential property loans offer a variety of flexible options for borrowers seeking to make the most out of their property investment. Whether you’re a homeowner looking to refinance your property for additional working capital, or an investor seeking to purchase a new property for rental or flipping opportunities, residential property loans can help you achieve your goals. With the ability to restructure existing unsecured debt under more manageable terms, you can gain more control over your financial situation and reduce the burden of high-interest rates.

Moreover, residential property loans provide a versatile and customizable solution to suit your unique needs. You can combine any of the aforementioned opportunities to maximize your property investment potential. Loans tied to your property can come in all shapes and sizes, be it fixed rate or adjustable or a term from anywhere in between 12 to 360 months. The loan package that suits you depends on your qualifications and needs to meet your financial goals.

About Lending Program

  • Single-family, 1-4 units, condos, townhomes, and mixed use
  • 30-Year Fixed, ARM and Interest-Only
  • Developer programs available 
  • Non-Owner Occupied
  • Loans from $100K to $5M
  • Up to 80% LTV based on appraisal value
  • Rates start at 7.49%
  • Purchase or Cash Out
  • Up to 85% LTC
  • Foreign National programs available

Property Loan Requirements

The requirements to obtain a property loan based on a residential unit depends on the program but see below for guidelines: 

  • US Credit Score of 630+ (recommended credit score of 680+)
  • Must provide valid state issued identification
  • Must provide completed and signed Uniform Residential Loan Application (Form 1003)
  • Property must be used for investment/business purposes and cannot be your primary residence 
  • Property must be located within the territory of the United States of America 

  • You don't need to be a citizen to apply for a property loan. Foreign national programs allow you to forgo the need for a US credit score. You will need to provide other documents on a case-by-case basis to qualify. For example, a valid visa classification and an unexpired passport.

  • Almost every property that you consider "residential" is eligible for this loan product, including SFRs, condominiums, townhouses, 2-4 units, multi-family 5+ units, and mixed-use properties.

  • In most cases, you will need to obtain a new appraisal on your property to qualify for a loan. This process is determined on a case-by-case basis.

  • The full 1003 is only required on certain loan programs. Most programs only require a partial completion and the signing.

SimpleTransparentSecure

Ready To Get Qualified?

Apply Now

Bason Capital