Purchase Loans

Ready to jump into real estate investing?

At SmartFund RE, we’ve got your back with Real Estate Purchase Loans tailored for those looking to build wealth through property ownership!

A purchase loan is a specialized financing option tailored for acquiring real estate, whether for a single-family home or rental properties. Unlike traditional mortgage loans primarily aimed at owner-occupied homes, a purchase loan allows investors to acquire properties intended for generating rental income or capital appreciation. This type of loan is beneficial due to its tailored terms and provisions that cater specifically to investment purposes, providing investors with the flexibility needed to leverage their capital effectively. By utilizing a purchase loan, investors can strategically build a diversified portfolio of income-producing properties, fostering opportunities for passive income and long-term wealth growth through real estate investments.

Flexible Loan Options to Fit Your Needs

  • Down Payments Made Easy: Start with as little as 20% down. Want better terms? A higher down payment can unlock lower interest rates and better loan conditions.

  • Tailored Mortgages: Choose a 30-year fixed-rate mortgage for stability or go with an adjustable-rate mortgage (ARM) like 5/1, 7/1, or 10/1 for flexibility. With ARMs, you get a fixed rate for the initial period (e.g., 5 years for 5/1) before it adjusts annually.

What’s DSCR?

DSCR (Debt Service Coverage Ratio) is a way to see if your rental income covers your property’s debt. It's calculated by dividing your rental income by your annual debt obligations (PITIA: principal, interest, taxes, insurance, and association fees). A DSCR over 1 means your property is earning more than enough to cover its debts. For example, a DSCR of 1.2 means your income is 1.2 times your debt – a sign of a healthy investment!

Loan Highlights:

  • Easy Qualification: Minimum 660 FICO (we’ll consider lower scores case-by-case).

  • No Income Verification: Simplified application process.

  • Generous Loan-to-Value: Borrow up to 80% of your property’s value.

  • No Experience Needed: Perfect for beginners.

  • Foreign National Programs: Open to international investors.

  • Affordable Loan Amounts: Starting at just $75,000.

  • Competitive Rates: Starting as low as 6.49%.

  • Flexible Prepayment Options: Choose our 5-4-3-2-1 “Step Down” prepayment plan or enjoy no prepayment penalties.

Take the First Step Today!

Ready to build your wealth with real estate? A Real Estate Purchase Loans offer the flexibility and favorable terms you need to succeed. Invest confidently and enjoy the rewards of a reliable, appreciating asset.

Don’t miss out on this opportunity!