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Fast, Reliable Short and Long-term Real Estate Loans
Direct Lender
Low, Always Competitive Rates for Investors
Expert On-Call Support Team When You Need
Supercharge Your Growth with Our DSCR Loans
At Sunset Equity Funding, we are the DSCR loan experts. We have created a product here that only serves real estate investors looking to invest in residential rental properties and not owner-occupied housing. A niche product for a seasoned investor.
We have carefully weeded out the existing challenges – unstable rates, complex eligibility requirements, tedious processing, and more. So, the rental property loans that we offer are Investor-friendly and cover more than traditional banking can.
With our specialized funding, expect the most competitive loan terms, highest leverage rental property loan, and lowest rental property refinance rates, and more that frees you from the cash trap.
Sunset Equity Funding’s Rental Property Loans
Assest Base
We don’t follow any traditional metrics, but your portfolio performance at a debt-service-coverage-ratio of 1.2, past experience and cash on hand. That’s all.
Low Rates
Get stable interest rates for $100,000+ loans starting at as low as 6.99% with up to 80% LTV.
Cover Every Need
We finance your new purchases, help consolidating loans with refinancing, and fund cash outs.
Short or Long Term
In case Our hugely popular 30-year long program does not fit your needs, we also offer interest-only short-term loans of up to 24 months.
Sunset Equity Funding’s Rental Property Loans
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All the details*
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Loan Amount – $100,000+ LTV – Up to 80% on Purchase, Up to 80% on R/T, Up to 70% Refinance DSCR – 1.2+ Loan Term – 30yr FRM or 30yr FRM with I/O option FICO – 680+ Purpose of Loan – Purchase, Refinance, Cashout Collateral – SFR, Townhomes, Condos, 2-4 Units Geography – Nationwide |
Borrower – Single Purpose Entity Recourse – Full PG Amortization – Interest Only or Full Amortization
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*Offer can be different according to your credit approval.
Now is the Time to Invest in Your Next Rental Property
With 91 of the top 100 housing markets seeing an increase in rental prices this past year, the time to invest in rental properties has never been better. However, even in these great times for rental investments, you still need to properly research the property and find a rental loan that will work for you. With the average gross yield of rental properties staying high at 8.4%, finding the right property for you really comes down to what works for your circumstances. So, let’s discuss how you can find the right rental loan for your next investment.
Should You Use a Long-Term or Short-Term Rental Loan?
The first major decision revolves around deciding if you want a long-term or short-term loan. Long-term loans generally offer lower interest rates while short-term loans carry higher interest rates. But, just because long-term loans offer lower interest rates does not necessarily mean they’re ideal. With a long-term loan, even though you’re paying a lower interest rate, the overall amount you pay in interest will be higher. This is due to the interest accruing for a longer period of time. By choosing a short-term loan, you may have a higher interest rate, but the overall amount you’ll be paying on that interest will be lower. Depending on the lender, the length of a short-term and long-term loan varies.
What Metrics Do You Want to Use to Qualify for Your Rental Loan?
Your next decision revolves around how you want to prove you are capable of paying back your loan. Most lenders use traditional metrics to determine if you qualify for their rental loan. These metrics include an extensive credit check, your W-2 declarable income, your current debt-to-income ratio, and many more. Many individuals find these metrics make loans difficult to qualify for due to factors such as unconventional employment or previous credit issues. So, some lending agencies now offer qualifications based on different metrics. These metrics heavily rely on your current cash-on-hand and previous successes in real estate investment. With these metrics, a lending agency can reliably determine if you will be able to cover unexpected repair or maintenance expenses on the property. It also allows them to lend confidently knowing you’ve found previous success in real estate investments ensuring them that you are an experienced investor.
Start your process today with a Rental Loan!
Once you make these two major decisions, you can understand what you need for your specific circumstances and rental property. All you have to do now is reach out to a lending agency and figure out what options they have based on your requirements.
Do You Have Questions About Rental Property Loans?
Fixing and flipping residential properties can be a lucrative business for those with an eye for profit and ready access to low-cost flip loans. If this is the first time you have investigated borrowing money to flip a house, consider these factors:
Is the property eligible?
If it is not owner-occupied, the answer is YES! We offer rental loans nationwide.
How much of the property value can I finance?
Are rental loans available?
Will I qualify for a short-term real estate loan?
We are happy to review your application and discuss the details of any potential flip. No proof of income is required, and foreign nationals may apply. We are excited to discuss the merits of your proposed deal and make it our business to fund as many profitable fix and flip projects as possible.
Submit Your Rental Loan
Application Today
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