Direct Lender providing stated income loans for most single family rental property investment homes primarily used for business purpose including Airbnb properties. We also finance other rental properties that produce monthly cash flow. All of our loans for investment properties don't require W2's or personal income or tax returns. We have common since underwriting that uses the property to determine risk along with a decent borrower credit score.
3/1 - 5/1 - 7/1 - 10/1 ARM - 30 Year Fixed Rate
30 Year Amortization
Interest Only Options
No Tax Returns Required
No Personal DTI Ratios
NO Upfront Fees
Stated Income Lender - No Tax Returns
Purchase - Rate & Term - Cash Out
Aggressive Property DSCR
Up to 85% on Purchases
Up to 75% Cash Out
NO Ratio Loans
Vacation Rental Property Loans for investors
Individuals - LLC's - Corporations - LLP's - Trusts
>600 Credit Score Preferred
Non-Recourse to 65%
$75,000 - $5,000,000+
We focus on Airbnb loans for investors. Our experienced lending team is made from investors just like you and understand the hurdles of financing rental property. We have a Nationwide footprint and can lend our own money in most areas of the United States.
1. Quote your rental property
Call or Apply online now in order to speak with one of our investment professionals to determine your exact needs. Most of our associates are real estate experts and have rental property loans and understand the challenges in today's lending environment.
2. Commitment period
We dont take any money from you. The only risk of our loan is the appraisal. After you feel 100% confident in our ability to close your loan, we ask you to pay the AMC for the valuation of the loan. A comprehensive checklist will be provided and required to close.
3. Close your rental property loan
After sucessful delivery of clear title, appraisal, entity docs, lease, if applicable,we are prepared to close your loan. We are as efficient as the people that we rely on helping us gather the necessary items. Normal closing times are 3-4 weeks.
Airbnb rental property loan located due West of Tampa, FL near Clearwater Beach, Florida. - Cash out Refinance funded at 7.0% - 3/1 ARM - Closed ...Read More in 28 days. Cash out was used to finance another rental property loan! 33 day close Read Less
Vacation rental property - Luxury near beach side Anna Maria Island, Florida - Purchase with no reported Airbnb income reported - No seller documents ...Read More - No tax returns from borrower - 75% financed of the purchase price on a 7/1 ARM. 24 day close. Read Less
Indianpolis, Indiana - Near Grand Park,National Baseball/basketball/soccer field - This short term rental property was purchased and...Read More financed at 6.5% on a 3/1 Hybrid ARM,30 year term.40 day close. Read Less
Condominium project with terrific amenities located in Southern California- 65% LTV - Challenged credit borrower - 10 year fixed rate, Interest ...Read More Only for 10 years, Rate was financed for 7 years at 7.875%. - Great deal on a property that cash flows 5 digits/monthly. 19 day close. Read Less
Maui condo - Fantastic views - Self employed borrower with less than perfect credit - Deal done at 70% of value using existing appraisal and interest ...Read More only payments for 5 years. 34 day close. Read Less
San Diego, CA - Airbnb rental property does fantastically... We didn't care there wasn't a lease, we used the borrowers experience and was ...Read More able to put together a great 30 year fixed rate at 7.5% loan. Borrower, used the money to take advantage of other business opportunity. 28 day close. Read Less
Phoenix, AZ - Tremendous cash cow rental property acquisition at 70% LTV/LTC - 3/1 ARM - 30Year Amortization 6.375% Fixed.
Vacation Rental Property located in Gatlinburg, TN - Purchase - 80% LTV - Rate was 6.875% 5/1 ARM.
That’s not the only change Airbnb has introduced, either.
The other big impact the company has had is how many people now make money. Airbnb is no longer just a fun way for homeowners to make a little extra money. Many people have turned the site into their main source of income.
If you’re considering doing the same, the first step is learning about Airbnb property lenders.
The short answer is that Airbnb property lenders are those that specialize in serving clients who want to purchase properties they can rent out on the popular website.
That’s not to say most of these lenders only focus on this market, though. Most are nonbank lenders like us that focus on a large number of different client types.
For the most part, Airbnb property lenders almost never refer to traditional banks. Such lenders usually don’t want to get involved with offering mortgages for rental properties. Among other things, turning the home into a source of income usually requires a different interest rate for these financial institutions.
While it’s always a good idea to shop around when looking for financial products, if you’re trying to fund the purchase of an Airbnb property, you should begin your search with Airbnb property lenders. For the following three reasons, they’re practically guaranteed to be your best choice.
As we touched on above, most traditional lenders want nothing to do with Airbnb properties. Even though the company has been around since 2008, the vast majority of banks have simply never been interested in financing vacation rental properties. In terms of mortgages, their business model has always been focused on helping people pay for their primary residences.
Not surprisingly, even among those traditional banks that would consider financing the purchase of an Airbnb property, it’s unlikely that any have significant experience serving this community. They might be able to put up the required money but structuring the loan to meet the unique needs of this market will probably not be on the table.
Listing your property on Airbnb is becoming more and more competitive, though that’s not to say it still doesn’t offer plenty of potential for big returns.
However, what it does point to is just how valuable rental properties are becoming. There is also very little reason to think that will change in the years to come.
This is just one more reason to take your business toAirbnb property lenders when you’ve found a home you’d like to purchase and begin renting out. On average, traditional lenders need 30 days to approve a mortgage. During busier months, it could easily take between 45 and 60.
That’s simply too long when you’ve found a valuable property. Aside from all the other investors who are looking for Airbnb properties in your area, there are also conventional house-hunters who are probably considering it, as well.
Nothing is worse than knowing you found the diamond in the rough but are unable to capitalize on it.
With non-bank lenders who have experience serving the Airbnb community, you can look forward to a streamlined process that won’t require tax returns or W2s, or 30+ days to get the approval done.
We are asset-based lenders. So, our main interest is simply the property itself. As long as it shows the potential to create the kind of income you need to pay us back, we’ll most likely be happy to offer you a loan.
Another reason you’ll be in good hands with Airbnb property lenders is because you can return to yours again and again for further financing, so you’re able to continue growing your portfolio. The sky’s the limit!
The same can’t be said for traditional financial institutions.
First of all, FNMA’s 5-10 Properties Program puts a limit on how many mortgages they can finance. Therefore, even if you did find a bank that was willing to fund your Airbnb investment, you wouldn’t be able to go back to them after your portfolio contained 10 homes. That’s a major disadvantage if you find that your first property is a huge success. You’d probably want to buy more homes in the area, yet you’d be limited to only 10.
Second, it’s the actual bank that decides how many investment properties to finance. Just because FNMA has the resources to fund 10 doesn’t mean your bank will. Evena bank that feels comfortable giving you a loan for a house to rent out will most likely want to wait a number of years before doing so again, just be sure you see returns.
Unfortunately, they may still not feel comfortable giving you another loan, even if you haven’t hit your limit for FNMA financing.
Nonbank lenders that understand the Airbnb market don’t care how many properties are in your portfolio. As long as you’re making your payments on time, we’ll be happy to consider you for another loan to grow your portfolio.
As a Nationally based Airbnb lender, we strive to give investors information about the vacation rental property lending market.
March 18, 2019
Explore why we are a leading Airbnb mortgage lender. Financing income rental property loans with No personal tax returns required.
March 21, 2019
Stated income is a fantastic way to finance rental properties especially, if you have already hit your fannie mae limit of 10, can prove your personal or business income, or self employed borrower.
April 1, 2019
Lets face it financing for luxury homes can be difficult. Cash out is next to impossible. Even if you have strong income using your personal income tax returns. With rates in the 6-7% range, Using a non-bank lender can be a great tool for investors.