Rental Loans
Configurable Options For The Savvy Investor

NEW Rental

- New for 2018 -

We now offer a 30-year rental product

and have reduced our upfront points from 6 to 4 points!

Rental Loan Requirements:

(Cash-Out Equity or Refinance only)

We offer different loan products for our single family rental option! In order to qualify for any of our rental loans; the home must already be owned by you, repaired and leased.

All loan options below are to be used to refinance a single-family home (up to 4 units) in the Great State of Texas.

RentalOwned

You must own the property to be refinanced, and the property must be located in the State of Texas.
(The property is in your name or in the name of a company that you own)

NoRehab

The property rehab and/or repairs are already complete,
and the property is rented out to a tenant (Non-Owner Occupied property).

600

No minimum FICO Score required,
no liens or judgments on credit

Rental 5

  • Interest Rate:
    FICO > 650 = 6.99%
    FICO < 650 = 7.49%
  • Fixed Rate
    Loan Type
  • 5 Year Balloon
  • 20-Year Amortization
  • 4 Points at Closing
  • 70% Loan-To-Value (LTV)
  • 100% Loan-To-Cost (LTC)

Rental 20

  • Interest Rate:
    FICO > 650 = 7.49%
    FICO < 650 = 7.99%
  • 3-Year ARM Loan Type
  • No Balloon
  • 20-Year Amortization
  • 4 Points at Closing
  • 70% Loan-To-Value (LTV)
  • 100% Loan-To-Cost (LTC)

Rental 30

  • Interest Rate:
    FICO > 650 = 7.99%
    FICO < 650 = 8.49%
  • 3-Year ARM Loan Type
  • No Balloon
  • 30-Year Amortization
  • 4 Points at Closing
  • 70% Loan-To-Value (LTV)
  • 100% Loan-To-Cost (LTC)

Rental 30PLUS

  • Interest Rate:
    7.99%
    700 FICO Required
  • 3-Year ARM Loan Type
  • No Balloon
  • 30-Year Amortization
  • 4 Points at Closing
  • 75% Loan-To-Value (LTV)
  • 100% Loan-To-Cost (LTC)

All ARM loans will have a 1.5% adjustment cap per adjustment period.
This means the rate can’t change more than 1.5% up or down in any one adjustment period.
ARM loans can go up or down but can not go below the original rate.

Rental Good Faith Estimate

Rental Documents Required For Processing

ILS was created for Real Estate Investors, by Real Estate Investors.

"Our clients consistently see increased profit potential and deal volume when working with us."

Tom Berry, Vice President of Sales & Marketing

Our Skills & Expertise

We understand the difference that excellent customer service makes, so we made it our priority to provide that to our clients. ILS was founded by investors for investors. We have walked in your shoes and want to save you the headaches that we faced when we started out. We know what you’re looking for, what you need and what you expect. We strive to not only meet these needs but to exceed them. Don't just think of us as your lender, think of us as your lending partner.

Start with us, the easy money lenders of Texas.

Quick Closings

Excellent Customer Service

Easy Application