Refinancing an Investment Property Mortgage

Ask a Sprout loan officer about an investment property refinance today.  Call us to get answers to all your mortgage questions

(800) 462-6470

**As of 12/3/2021, this product is based on a rate and term refinance loan with 70% loan to value ratio, a 740 credit score, paying 1.25% discount points, on an owner-occupied principal residence, an interest rate of 3.77% and APR of 3.87% for a 40-year loan with an interest only period for the first ten years and fully amortized payments for the remaining 30 years of the 40-year term. Your loan terms and interest rate may be different depending on your credit score, your loan to value ratio, how many discount points you pay, when you lock in your interest rate, the property’s occupancy type, and other factors.

Traditional lenders may be reluctant to refinance investment properties, but at Sprout Mortgage we’re excited to help real estate investors utilize refinance options to grow their portfolios.

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Refinancing an Investment Property Mortgage

Refinance your entire investment property portfolio with Sprout Mortgage. Offering mortgage programs designed for Investment Properties, including single family Rentals, Mixed Use commercial/Residential Properties, Vacation Investment Property, Multifamily & Properties, and Condotels. Our loan officers who are experts in investment property financing will help you find options that benefit or boost your cash flow and help your grow your real estate portfolio.

Advantages of Refinancing with Sprout Mortgage include:

·        Lower carrying costs

·        Streamlined cashflow

·        Variety of loan terms

·        Consolidate high-interest debt

·        Cash out options

·        Options for property renovation/remodel

·        Financing as a legal entity (Corp. or LLC)

·        Quickly qualifying for a refinance that fits your needs

·        W2 not required on all products

·        Lower reserves required on some products

·        Debt Service Coverage and Asset Depletion Programs

Wondering if you’ll qualify with your current DTI? Trying to decide if it makes sense to flip or rent your investment property? Looking for a Jumbo Loan of up to $10M on an investment property? Wondering about options for refinancing multiple rental properties?

Ask a Sprout loan officer about an investment property refinance today.  Call us to get answers to all your mortgage questions (800) 462-6470

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Sprout Mortgage specializes in purchase-money loans and refinances for investment properties. Our investment property programs are available for mixed use, Vacation Investment Property, multifamily properties, and condotels. A rental property refinance may be the answer to provide funds for renovations while reducing your current investment property mortgage interest rate. Prior successful property ownership often results in reduced rates on both the refinance and purchase of rental properties. Discover your refinance options by comparing refinance rates and programs at Sprout Mortgage.

Get Started Today with an Investment Property Mortgage Refinance!

Traditional lenders may be reluctant to refinance investment properties, but at Sprout Mortgage we’re excited to help real estate investors utilize refinance options to grow their portfolios. As a direct lender we have loan refinance programs that serve a wide range of investment properties, and we offer broader loan qualification options than traditional lenders.

Whether your refinance is centered on the principles of buy-and-hold or fix-and-flip, we can provide rental property refinancing solutions that match your goals.  We understand the needs of real estate investors.

Find Out How We Can Help!

Discover Investment Property Refinance Loan Options

Debt Service Coverage Loan

Investors can qualify based on the monthly rental revenue from the subject property. Current or anticipated rental income for the subject property is examined to determine if it will cover the monthly mortgage loan payment. Other conditions may apply.

No Ratio Investor Loan

We look at your credit and collateral to determine your ability to refinance an investment property. No debt-to-income or other ratios are needed to qualify though other conditions may apply.

Mixed-Use Investor Property Loan
Designed specifically for investor financing of mixed-use (retail and residential)properties. We explore cash out refi investment property options to help you get the scenario that works for you. 
Investors Choose Sprout Mortgage Because...
We offer lower real estate investment refinance rates than hard money lenders, so your earnings go further.
Unlike traditional lenders, our mortgage products are crafted specifically for refinance cash out investment property scenarios and we provide multiple options.
Often no income or debt check required.
Our experienced and knowledgeable team provides reliable service on rental property refinance rates every step of the way.

 

Additionally, other loan features include:
No Income Testing – qualify using the equity in your property on some programs
Highest LTV Options - based on your property's Debt Service Coverage on some programs
No W-2,pay stubs, or tax returns required on some programs
Interest-Only option available on all loan programs
Lower Reserve Requirements on some programs
Mixed-Use Investment Properties programs (commercial + residential units)
Refinancing for Condotel Properties

Let's Get Started!

©2021 Sprout Mortgage, LLC. All Rights Reserved. This communication does not constitute a commitment to lend or the guarantee of a specified interest rate.  All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms, and conditions are subject to change without notice. Other restrictions apply.

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Let's Get Started

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Sprout Mortgage is a nationwide direct lender and we’ve been helping homeowners reach their goals for nearly a decade.

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Also Available

Whether you’re a small business owner, yoga instructor, seasonal employee, freelancer/contract employee, or investor, Sprout can help you get a mortgage!

Asset Depletion Loans

Investor Debt Service Coverage

Ideal for individuals with substantial liquid capital (more assets than income), the Asset Depletion program permits borrowers to qualify based on their assets up to 50% DTI.
Designed for those whose income is derived from property rentals. Use the cash flow from your rental property to qualify.

Here’s How We Can Assist You in Buying a Home

Other loan features include:

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Get Started Today with an Investment Property Mortgage Refinance!

Learn MoreLet's Get Started

This communication does not constitute a commitment to lend or the guarantee of a specified interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply.