What is the current loan payoff, rate structure, term, and any prepayment penalty?
FINANCING FOR PROPERTY YOU ALREADY OWN
Explore a Refinance Built Around Your Rental Property
Review ways to replace current financing, improve the property's debt structure, or access equity without treating your rental like a primary residence.
Built for owners of residential rental property—not primary-residence borrowers.
Who this may be for
A property-first conversation for the scenario you actually have.
Rental property owners evaluating a rate-and-term refinance, cash-out refinance, hard money exit, or rental-income-focused option for an existing property.
Common reasons investors consider this path
- 01
Replace short-term, adjustable, or private financing
- 02
Review whether a different payment or term better fits current cash flow
- 03
Access equity for another purchase or business purpose
- 04
Move a renovated or newly stabilized property into longer-term financing
Questions worth answering
A useful review starts before the product comparison.
These questions help frame the property, the current debt, and the investment objective before discussing a potential structure.
How much rent does the property generate, and what are its recurring expenses?
What is the estimated current value and condition of the property?
Is the priority cash flow, equity access, certainty of term, or another goal?
Program lens
Investor programs can approach the same property differently.
Depending on the current lender and scenario, the comparison may include DSCR, no-ratio, alternative-documentation, rate-and-term, or cash-out structures. One-to-four-unit rentals and select five-to-ten-unit properties may follow different review paths.
Newer investors, LLC-owned properties, and eligible foreign-national scenarios may also have options with distinct documentation. Exact eligibility, leverage, pricing, reserves, timing, and property rules must be confirmed at the time of review.
A simple process
How a rental property refinance review may unfold
- 01
Tell us about the property, current financing, rental status, and refinance goal.
- 02
Review potential paths, which may include rate-and-term, cash-out, DSCR, or other investor-focused structures.
- 03
Compare documentation, costs, possible restrictions, and tradeoffs for relevant options.
- 04
Decide whether and when moving forward supports your investment plan.
Tell Us About Your Rental PropertyThe initial review is not a full loan application.
Scenario FAQ
Questions investors ask about rental property refinance.
Answers are intentionally qualified because programs and property requirements vary.
Can a property qualify based on rental income?
Some investor loan programs evaluate property cash flow or debt-service coverage rather than relying primarily on W-2 income. The calculation, documentation, and other requirements vary by lender and program.
Does the rental need to be occupied?
Not always. Some programs consider leased properties, rent-ready vacancies, or recently renovated properties, but occupancy, appraisal, lease, and stabilization requirements differ.
Can I take cash out?
Cash-out may be available when the property's value, existing payoff, ownership history, cash flow, and the applicable program support it. Available proceeds and costs require a property-specific review.
Can a newer investor explore refinancing?
Yes. Experience may influence available programs or documentation, but being a newer investor does not by itself determine the outcome. The full property and borrower scenario matters.
Start with the property
Tell us about the property behind your rental property refinance question.
Share a few details about the property and your objective. The initial review is designed to be useful, focused, and low pressure.
See If Your Rental Property May QualifyNo SSN or date of birth on the initial form.