Investment Property Only · Not Primary Residence

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Long Term Rental Loans

30-Year Rental Financing from $150K

Qualify on Rental Income · No W-2 · No Impact to Credit Score

30-Year Fixed Terms Available

Qualify on Rental Income — No W-2 or Tax Returns

Rates as Low as 5.99% APR

Up to 80% LTV Financing

Single Family to 8-Unit Multifamily

→ Try Our Free Rental Cash Flow Tool

No Impact to Credit Score to Apply

Get Your Rental Loan Options

Investment Property Only • No Impact to Credit Score

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A loan specialist will contact you within 1 business day with your financing options.

Quick definition: Long-term rental loans finance investment properties held for buy-and-hold rental income — typically 30-year amortizations, monthly cash flow profile, intended hold period of 5+ years.

How it differs from DSCR: LTR describes the investor strategy and property hold profile. DSCR describes one specific underwriting method used to qualify for LTR financing — qualifying based on the property’s rental income coverage ratio rather than borrower W-2 income. Most LendingStreet LTR loans use DSCR underwriting, but other paths exist (conventional investor financing, portfolio products, blanket structures). See our DSCR loan page for the specific underwriting parameters.

Who Long-Term Rental Loans Are Built For

Long-term rental loans serve real estate investors building rental portfolios for monthly cash flow and long-term equity appreciation. Common scenarios:

Buy-and-hold investors acquiring single-family or small multifamily rentals for 5-30 year hold periods
BRRRR strategy investors refinancing renovated rentals into long-term financing after stabilization
Portfolio builders scaling from 1-5 properties toward institutional-scale rental businesses
Self-employed investors who don’t qualify for conventional Fannie Mae/Freddie Mac rental financing
LLC-vested investors wanting to hold rentals in entities rather than personal name
Foreign nationals investing in US rental property without US W-2 income or tax history

Financing Paths For Long-Term Rentals

There’s no single way to finance a long-term rental. The right path depends on your borrower profile, property type, hold strategy, and portfolio size:

Most Common

DSCR Rental Loans

30-year fixed, qualify on rental income (not W-2), LLC allowed, 5+ properties OK. The dominant LTR financing path for investor borrowers. See DSCR loan terms →

Conventional Investor Loans

Fannie Mae/Freddie Mac investor financing, typically requires W-2 income, tax returns, and 4-10 property max. Lower rates but tighter qualification. Best for high-W-2 income investors with traditional documentation.

Blanket Portfolio Loans

Single loan covering 5+ rental properties under one structure. Simplifies cash flow management for portfolio-scale investors. See blanket loan terms →

Short-Term Rental DSCR

DSCR underwriting using projected STR revenue (AirDNA, 12-month remittance) instead of long-term lease income. For Airbnb/VRBO investors. See STR loans →

Multifamily (5+ Units)

Properties of 5+ units shift from DSCR products to dedicated multifamily financing — different LTV structures, longer underwriting timelines. See multifamily →

Bridge-to-Permanent

Short-term bridge financing during acquisition or stabilization, refinancing into permanent LTR financing once stabilized. For value-add or BRRRR strategies. See bridge loans →

The Buy-and-Hold Strategy Behind Long-Term Rentals

Long-term rental investing builds wealth through four parallel mechanisms, each compounding independently:

Monthly cash flow from rental income exceeding mortgage + expenses. With 20-25% down on properly underwritten deals, properties typically cash flow positive from month one.
Principal paydown by tenants. Every monthly payment your tenant makes reduces your loan balance — effectively transferring equity from them to you.
Appreciation over the hold period. Long-term holders capture market appreciation passively across years; even modest 3% annual appreciation compounds materially over 10-20 year holds.
Tax benefits from depreciation, expense deductions, and 1031 exchanges. Properly structured rental holdings generate substantial tax shielding alongside the cash flow.

Financing decisions matter enormously here. The wrong loan structure (variable rate, short term, prepayment penalty mismatch) can erode all four mechanisms. The right structure — typically 30-year fixed for predictability — lets the strategy compound undisturbed.

Typical Long-Term Rental Loan Parameters

Across the LendingStreet capital source network, long-term rental financing typically structures as:

Term: 30-year fixed-rate amortization (also 5/1, 7/1, 10/1 ARM options where they fit the strategy)
Loan size: $150K to $5M+ depending on capital source
LTV: Up to 80% purchase, 75% cash-out refinance, 80% rate/term refinance
Credit: Minimum 620-680 depending on capital source and program tier
DSCR: Most programs require 1.0+ DSCR; specialty sources go to 0.75 or no-ratio
Property types: SFR, condo, townhome, 2-4 unit small multifamily, planned unit development
Borrower: Individual or LLC-vested with personal guarantee, foreign nationals accepted by select sources
Close timeline: Typical 14-21 days from application to funding

Why Use LendingStreet for Long-Term Rental Financing

Most LTR financing decisions come down to matching your specific deal profile to the capital source with the best terms. A direct lender quotes you their pricing. LendingStreet’s multi-source model runs your application across 30+ capital sources simultaneously — typically producing better rate, leverage, or term outcomes especially when your deal sits at any margin: lower credit, higher LTV, larger loan amount, unusual property type, or non-standard borrower profile.

Particularly useful for LTR investors:

Sub-1.0 DSCR scenarios — specialty sources lend down to 0.75 DSCR where most direct lenders decline
Jumbo $1M+ rental purchases — standard DSCR caps around $2-3M; network reaches $5M+ specialty sources
First-time investors — select sources place first-time landlords without prior rental experience
Foreign nationals — specialty sources accept foreign national borrowers with proper documentation
Multi-state portfolios — single financing firm relationship across 50 states instead of separate lenders per state

See Your LTR Financing Options Across 30+ Capital Sources

One application. Multiple quotes. The capital source best matched to your specific rental deal.

Get Pre-Qualified →

FAQ

Long Term Rental Loan FAQs

What is a long-term rental loan? ▼

A long-term rental loan is a mortgage product designed for investment properties held as rentals. These loans offer 30-year amortization and qualify based on the property's rental income (DSCR), not the borrower's personal income. They are ideal for buy-and-hold investors building long-term wealth through real estate.

How is rental income verified? ▼

For existing rentals, lenders use current leases or a 12-month rental history. For new purchases, they typically use a market rent appraisal or comparable rental data to establish the property's income potential. No personal W-2 or tax return is needed.

What is the minimum DSCR? ▼

Most programs require a DSCR of 1.0 or higher. Some lenders will consider ratios as low as 0.75 for borrowers with strong credit, lower LTV, or properties in high-demand rental markets. Your loan advisor will help structure the deal to meet lender requirements.

Can I get a cash-out refinance on my rental? ▼

Yes. Cash-out refinances are available on qualifying rental properties with sufficient equity. This is a popular strategy for portfolio investors who want to recycle equity into new acquisitions without selling their existing properties.

How many properties can I finance? ▼

There is no hard cap on the number of properties you can finance using DSCR-based rental loans. Since these loans don't impact your personal DTI the way conventional loans do, many investors close on multiple properties per year without limitation.

Why LendingStreet

Why Choose LendingStreet

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30+ Capital Sources, Not One

Direct lenders only offer what's in their own rate sheet. If your deal doesn't fit their box, they decline. LendingStreet routes your deal across 30+ capital partners to find the one with the best rate, highest LTV, and fastest timeline for your specific situation. One application, 30+ possible outcomes.

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Investment Property Specialists

We don't do owner-occupied mortgages or first-time homebuyer programs. 100% of our focus is business-purpose loans for real estate investors. That specialization means we understand DSCR, LTC, ARV, BRRRR, and portfolio consolidation in ways general mortgage companies don't.

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Speed Where It Matters

Bridge loans in 5–10 days. Fix & Flip in 7–14 days. DSCR in 21–30 days. We pre-qualify you in minutes with no hard credit pull, and we don't chase W-2s or tax returns on DSCR. When timing matters, we move at the pace of your deal.

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Proven Track Record

10 years serving investors. $4.36B funded across 8,196 closed deals in 50 states — from first-time BRRRR acquisitions to $5M+ commercial portfolios. We've seen your deal before. We know how to structure it.