Short-Term Vacation Rental Loans
Financing options for investors that are investing in short-term vacation rentals.
For Investors Who Have Made Vacation Accommodations Their Business
Put The Capital Republic financing to work for your next short-term vacation rental. The Capital Republic offers 30-year loans with rates starting at 7.10% for short-term rental properties. Whether you are trying to purchase a vacation property of everyone’s dreams or are looking for better terms for an existing vacation rental, The Capital Republic has you covered.
LOAN CRITERIA
Collateral:
Non-Owner Occupied 1-4 Family Real Estate;
Condos; Townhomes
LTV:
Purchase: Lesser of up to 75% of the As-Is Value or Up to 75% Loan-to-Cost
Refinance: Up to 75% of the As-Is Value
Cash-Out: Up to 70% of the As-Is Value
Loan Amount:
$75k – $2M
Minimum FICO
660
Rates
Starting at 7.00%
Amortization Options:
30-Year Fixed,
Hybrid ARMS (5/1, 7/1, 10/1), &
5 & 10 Year Interest-Only
SHORT-TERM VACATION RENTAL LOAN PROGRAM
| Purchase | FICO | Maximum Loan-to-Value (LTV) | Maximum Loan-to-Cost (LTC) |
|---|---|---|---|
| 760+ | Up to 75% of the As-Is Value | Up to 75% Loan-to-Cost | |
| 700 - 759 | Up to 75% of the As-Is Value | Up to 75% Loan-to-Cost | |
| 680 - 699 | Up to 70% of the As-Is Value | Up to 75% Loan-to-Cost | |
| 660 - 679 | Up to 65% of the As-Is Value | Up to 65% Loan-to-Cost |
| Refinance | FICO | Maximum Loan-to-Value (LTV) |
|---|---|---|
| 760+ | Up to 75% of the As-Is Value | |
| 700 - 759 | Up to 75% of the As-Is Value | |
| 680 - 699 | Up to 70% of the As-Is Value | |
| 660 - 679 | Up to 60% of the As-Is Value |
| Cash-Out | FICO | Maximum Loan-to-Value (LTV) |
|---|---|---|
| 760+ | Up to 70% of the As-Is Value | |
| 700 - 759 | Up to 70% of the As-Is Value | |
| 680 - 699 | Up to 65% of the As-Is Value | |
| 660 - 679 | Up to 55% of the As-Is Value |
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
