Benefits of a fix-to-rent loans
Investors using a fix to rent loan obtained through SteveKnowsLoan obtain the funds to apply toward purchasing the property and additional funds to pay the cost of renovations to allow them to rent it and turn it into an income-generating asset. Other benefits of our fix to rent loans include the following:
- A fast, uncomplicated application process allows borrowers to quickly close on the loan in order to get started on completing the repairs.
- Once the repairs are completed, the fix to rent loan may be turned into a fixed-rate, 30-year investment property mortgage.
- Conversion of the fix-to-rent loan into a 30-year mortgage is simplified because the same lender underwrites both loans.
- A loan officer from SteveKnowsLoan guides borrowers through the entire process from application through closing.
- Terms available on our fix to rent loans
- We keep the terms of our loans competitive, which makes them attractive to investors as an alternative to other types of financing. The following is a brief overview of the terms of our loans for money to make repairs on property purchased to generate rental income:
Quick closings
- Attractive and competitive interest rates
- Fixed-rate, 30-year rental loan rollover
- Adjusted-rate loans with 5/1 and 7/1 terms available
- $75,000 minimum loan amount
- Loan-to-value ratio up to 75%
- Underwriting guidelines do not require a W-2
Our loans are available for single-family rental properties as well as for properties containing two to four rental units.
SteveKnowsLoan, a leading mortgage broker company, has a mortgage product to solve the financing challenges faced by real estate investors and property owners. One of our outstanding loan officers can assist you through each step of the application process.
Call Steven Jackson at 813-616-9411 now!
