A blanket loan is the ideal financing tool when you own 3 or more rental doors on residential rental property. Instead of managing multiple individual mortgages, a blanket loan consolidates everything under one note with one monthly payment, giving you streamlined portfolio management and better terms.
Our lending matrix below details the full program parameters, including loan amounts from $300K to $50MM, fixed rate terms up to 30 years, and non-recourse options for qualifying investors.
Lending Matrix for Blanket Loans of 3 or More Rental Doors
The lending matrix below outlines the complete program parameters for our blanket loan product covering 3 or more rental doors on residential rental property. This program is designed for real estate investors who want to consolidate multiple properties under a single, streamlined mortgage with competitive fixed rates and flexible terms.
Nationwide Financing
Available across the country except North Dakota, South Dakota, Alaska, and Hawaii.
$300K to $50MM
Flexible loan amounts to match portfolios of any size, from small investors to large operators.
Non-Recourse Options
Protect your personal assets with non-recourse structures for US citizens and foreign nationals.
Core Loan Parameters
| Parameter | Details |
|---|---|
| Geography | Nationwide Financing (except North Dakota, South Dakota, Alaska & Hawaii) |
| Loan Purpose | Purchase or Refinance, Cash Out |
| Loan Amount Range | $300K – $50MM |
| Terms | 5 or 10 year fixed rate balloon with up to a 30 year amortization |
| Max LTV | Up to 75% on stabilized lease-ready properties (SFR, TH, 2-4 family, Condos) & multi-units (max 20 units) |
| Credit Grid | No bankruptcies in last 2 years and no foreclosures |
| Minimum DSCR | 1.15% — Interest only available at 70% LTV and below (670 score needed) |
| Minimum Property Value | $50K for 75% LTV; $40K–$49.9K limited to 50% LTV; Multi-Family $30K per unit |
| Seasoning | After 90 days of ownership we lend off appraised value; under 90 days we lend off cost basis (purchase price + rehab) |
Recourse Options by Credit Score
Your credit score directly impacts the maximum loan-to-value ratio available on a recourse blanket loan. Higher credit scores unlock better leverage, letting you keep more capital available for additional investments or reserves.
| Credit Score | Max LTV |
|---|---|
| 680+ | 75% LTV |
| 670 | 70% LTV |
| 660 | 65% LTV |
Non-Recourse Blanket Loan Options
For investors seeking asset protection, our non-recourse blanket loan options allow you to shield your personal assets while financing 3 or more rental doors. Non-recourse structures are available for both US citizens and foreign nationals under the following guidelines.
- 620 minimum credit score for US citizens on non-recourse loans
- LTV for non-recourse loans based on overall credit and loan profile
- Foreign nationals treated as non-recourse, approved up to 75% LTV
- No personal income verification required — qualifies on portfolio cash flow
Prepayment Penalty Structure
Understanding prepayment penalties is essential when planning your exit strategy. Our blanket loan program offers both standard yield maintenance and step-down options, giving you flexibility depending on your investment timeline.
| Term | Standard | Step Down |
|---|---|---|
| 5 Year Term | Yield Maintenance | 5-4-3-2-1 (25bps rate add-on) |
| 10 Year Term | Yield Maintenance | 10-9-8-3-2-1 (25bps rate add-on) |
Occupancy Requirements
Minimum occupancy rates vary based on the number of rental doors in your portfolio. Meeting these thresholds is critical for loan qualification and maintaining favorable terms on your blanket mortgage.
| Portfolio Size | Minimum Occupancy |
|---|---|
| 10 or more doors | 90% |
| 5–9 doors | 80% |
| Multi-unit properties | 85% |
Fees and Closing Costs
Transparency on fees is one of the hallmarks of our blanket loan program. We keep the fee structure straightforward so you can accurately project your total cost of financing before committing to a loan on your residential rental property portfolio.
Fee Breakdown
- Third-party appraisal fees collected upfront at deposit to submit
- RHF charges 1–2% origination and $2,500 underwriting fee at close
- Customary title charges at close
- No application fees
General Underwriting Tips
Loan Assumability
Loan is assumable with lender approval. Assumption fee is the greater of $10K or 1% of the loan amount. This makes your blanket loan a transferable asset that adds value to your portfolio.
Monthly Payment Includes
Monthly payment covers taxes, insurance, and capital expenditure reserves. CapEx is set at $450 per SFR, $350 per unit for 2-4 family, and $250 per unit for multi-units and condos annually.
No Income Verification
Qualification is based entirely on the cash flow of the portfolio, not your personal income. This is ideal for self-employed investors and those with complex tax returns who need blanket loan financing for 3 or more rental doors.
Seasoning Period
After 90 days of ownership we lend off appraised value. Under 90 days of ownership we lend off cost basis (purchase price plus rehab costs). This allows quick-turn investors to access financing faster.
Why Choose a Blanket Loan for 3 or More Doors?
Managing multiple individual mortgages for your residential rental property portfolio is time-consuming and expensive. A blanket loan simplifies your financial life by rolling all of your properties into a single loan with one payment, one set of terms, and one closing. Whether you own SFR, townhomes, 2-4 family units, condos, or multi-unit properties, our blanket loan program is built specifically for investors like you.
Ready to consolidate your rental portfolio under one blanket loan? Apply online today or call us at 888-375-7977 to speak with a loan specialist who understands investor financing for 3 or more rental doors on residential rental property.