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Quote a property

  1. 1Run the numbers
  2. 2Get a full quote in hours
  3. 3Line up the best rates

The deal

Add a property first
How is it rented?
Loan purpose
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Live comps. Short term: the median of the short-term rentals nearest this address (nightly rate times occupancy), from Mashvisor. Long term: the rent model built from nearby long-term listings, from RentCast. One call to the data provider; the answer is kept for thirty days.
A quick estimate from rough national averages: short-term rentals gross about 10% of the purchase price a year, long-term about 7%. A place to start. Your own research, or the comps, beats it.

ExpensesPITIA
PITIA is what the property costs each month: the loan payment (principal and interest), property taxes, insurance, and any association dues. A rental loan is judged on whether the rent covers this number. Rent of about 1.25 times PITIA is the comfortable zone; below 1.0, the property does not pay for itself.

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% of rent
An estimate, not a quote. Rates assume a five-year prepay, an entity purchase and a rent-ready property. What this assumes

An estimate, not a quote and not a commitment to lend. It is built from published current pricing and the numbers you entered, and it moves with credit, the appraisal, reserves, and everything an underwriter reads that this form does not ask for.

What these rates assume

  • Prepay. A five-year prepayment penalty. Shorter terms and no penalty price higher, and penalties are not permitted in some states.
  • Rural. Rural property tightens leverage, and some programs decline it outright when it is also a short-term rental.
  • Acreage. Caps tighten above 2, 5 and 10 acres, and above some limits we cannot place it at all.
  • Property type. Condotel and non-warrantable condo price materially worse, and some programs decline them.
  • Entity. These loans close in an LLC or corporation.
  • Condition. C1 to C4, rent ready, no deferred maintenance.
  • Projections. Where short-term rental income is a projection rather than history, we apply market-grade and occupancy floors.