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.
- Pay off debt, you can save thousands in interest when you pay off credit card debt .
- 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.
- Fund home improvements, make your home look better and feel better, all while increasing your home's value.
- 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.
- 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.
- Re-invest the funds into the stock market or real estate.
- 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