Turn Key Investment Loans
Purchasing an investment property is a great way to generate passive income and build long-term wealth. However, many would-be investors are discouraged by the fact that they may not be able to show enough income on their W2 or 1099 forms to qualify for a loan. Fortunately, there are a number of loan programs available through Glenstone that will allow you to purchase a turn-key investment property with as little as 20% down. These loans are designed for individuals in Connecticut who are looking to generate rental income, and they can be a great way to get started in the world of real estate investing. If you’ve been thinking about purchasing an investment property but have been held back by your income level, contact Glenstone today to learn more about our loan programs. We can help you find the perfect property and get started on the path to financial success.
Mortgage Calculator
Buy / Hold Loans
Program Details
- Rental Properties 1 - 4 Units / 5+ Units
- Up to 80% of Purchase Price / Up to 75%
- Rates Starting at 5.5%
- 30% Year Fixed, ARMS and Interest Only Available
- No Income Verification / No Doc Loan
- Minimum Loan $75,000 / $250,000
- Minimum 680 Credit Score
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Frequently Asked Questions
You can use this guide to familiarize yourself with rules, laws and other important information relating to your property.
The main benefit of a DSCR loan is that it is based on borrower credit and property cash flow, not the borrower’s personal income. DSCR loans are considered to be “low-doc” loans in comparison to conventional loans which require more documentation in order to proceed with the loan.
A conventional loan is often difficult for Real Estate Investors to achieve as they require specific guidelines in order to meet the criteria of Fannie Mae and Freddie Mac. However, a conventional loan is appealing to those who qualify as they may be able to receive a lower interest rate.
To qualify, you must have a minimum FICO score of 660. Your credit score will determine the rate you are quoted.
The maximum LTV is 80% and will vary based upon your creditworthiness, the property location, and the property Debt Service Coverage Ratio.
Yes. We also offer short-term fix & Flip / Bridge Loans for multifamily funding