Refinance/Consolidation

cash-out-refinance

Rental Investment Loan Program

House master is here for you for all types of refinance deals, be it a mortgage refinance, business loan refinance, personal or any loan types we are here to make the terms easier for you, should you want to cash-out or just outright refinance, you will find our rates are unbeatable and pocket friendly.

  1. Pay off debt, you can save thousands in interest when you pay off credit card debt .
  2. Education expenses  like student loans, paying for college tuition, do your part in making sure your child doesn't accrue too much debt immediately after high school.
  3. Fund home improvements, make your home look better and feel better, all while increasing your home's value.
  4.  Purchasing an investment property  to finance a second home. Maybe it is just an investment property, or maybe it can be a vacation home. Either way, the extra cash can help cover the cost of down payment.
  5. Paying for emergency expenses  Ideally, your refinance will come with better terms than your original mortgage which can be used in any emergency cases or use it for elderly care.
  6.   Re-invest the funds into the stock market or real estate.
  7. Make necessary purchases like a car ,other large expenses or medical expenses.

At HouseMaster, our refinance close quickly...even in as little as 3-5 days at rates starting at 4%!

We do not require an appraisal rather we order a quick & cost effective BPO!

General Guidelines

  • Lending across all states
  • Purchase, Refinance, Cash Out, Rehab
  • Interest rate at 4%
  • 100% LTV
  • $50K-$5 Million
  • SFR, MFH, 1-4, 5+, Condos
  • Interest Only Payments
  • Stated Income/Bank Statements Only
  • No Minimum FICO Requirements
  • No Pre-payment Penalty
  • Loan duration for up to 20 years

What Do I Need To Qualify

  • Simple... If the Monthly Combined Principal, Interest, Taxes, & Insurance is less than the Gross Monthly Rental Income = Approved!
  • Loan Fees and Costs: No Hidden Fees!
  • Origination Fee: 1.00% - 2.50% of the loan amount
  • Processing Fee: $495 - $1,095

Eligible Properties for Rental Investment Loans

Single Family

Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex's, triplex's, and quadplex's. We will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $75,000+.

Multi Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. We will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.

Required Documents for Closing

Personal Documents

  • Filled out Loan Application
  • Most Recent Bank Statement
  • Drivers License and/or Passport

Business Documents

  • Articles of Incorporation
  • Operating Agreement (LLC) or Bylaws (Corp.)
  • EIN Letter

No Fields Found.