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At Visio Lending, we take pride in on our flexible and customizable loan programs. We enable investors to grow their rental portfolios with fast, simple, and dependable financing that fits their investment needs. We have four different rate structures for investors to pick from-- 5/1 ARM, 5-Yr I/O, 7/1 ARM, and 30-Yr Fixed. The ultimate bridge loan, our 5 Year I/O gives investors the opportunity pay interest only for the first five years, yet is still a full 30 year amortizing loan. Here is an overview our newly added 5 Year Interest Only loan product.
Offering- Purchase, Rate & Term Refinance, Cash-Out Refinance
Loan Type- Single Asset Only
Rate Structure-5 Yr I/O (5/1 ARM Only)
Loan Amount- $250,000- $2 Million (call for hire amounts)
Loan-to-Value (LTV)- 80% Purchases, 75% Refinances
Minimum Property Value- $250,000
Geography- Nationwide, except for Alaska, Arizona, Delaware, Idaho, Minnesota, Nebraska, Nevada, North Dakota, Oregon, Rhode Island, South Dakota, Utah and Vermont. See our Where We Lend Page for a full list of states we lend in and some of our recently closed loans
Property Type- 1-4 Unit Single Family Residential, Condos, or Townhomes
Valuation Type- As is Appraisal with Actual Rent Value or Expected Rents for Gross Vacation Rental Income
Borrower Type- Investor Only, Individuals LLCs, corporations and limited partnerships. U.S. Citizens, permanent and non-permanent resident aliens.
FICO Score- Minimum 680
Reserves- Minimum 3 Months PITIA (Principal, Interest, Taxes, Insurance, Association Dues)
Looking to grow your vacation rental portfolio? Contact us to get started. For more information on our loan programs, see our Loan Program Page. For tips on vacation rental property management, see our Investor Resources Page.