Finance The Nightly Rate.
Loans from $100,000 to $2 Million, qualified on the short-term rental income the property produces rather than on your personal income documentation.
Short-term rental income, recognized.
However the calendar fills, there’s likely a path that fits.
- $100,000 to $2 Million on short-term rental income
- No personal income documentation required
- Hosts and vacation rental operators
- Purchase or refinance investment property
- Purchase, rate-and-term refinance, and cash-out available
- Fixed and adjustable rate options
- Financing to 80% of value at the strongest credit tiers*
Qualify on short-term rental income
Investment property financing
One to four units and eligible condominiums
Purchase, rate-and-term refinance, or cash-out
Personal income documentation not required
Fixed-rate and adjustable-rate (ARM) options
What is the Saxton Short Term Rental Loan?
A rental loan for property that earns by the night
The Saxton Short Term Rental Loan recognizes nightly and weekly rental income, so a property that operates on short stays can be financed on what it actually produces.
Income is documented through an operating history for the property or a market-based rental analysis. When the loan is taken in the name of an LLC or other entity, a personal guaranty is required from the owners. Credit history and reserves are still reviewed either way.
Use it to purchase, refinance, or take cash out on one to four unit investment property and eligible condominiums, with loan amounts from $100,000 to $2 Million. Cooperative units are not eligible.
Why choose the Saxton Short Term Rental Loan?
Built for hosts and operators financing property that earns by the night rather than by the year.
Vacation Rental Hosts
Nightly and weekly income recognized on a documented operating history.
Resort & Beach Markets
Seasonal destinations where the rental year is concentrated into a few months.
Urban Short-Term Units
City properties operating on shorter stays and higher turnover.
Converting A Long-Term Rental
Reposition an existing rental toward short-term operation.
Cash-Out To Reinvest
Access equity in an existing property to fund the next one.
The Nightly Rate Counts
Short-term rental income is what the qualification is built on.
Hear From Homeowners Like You
Frequently Asked Questions
The questions we get asked most about the Short Term Rental Loan.
The qualifying calculation compares the gross rent the property produces against its housing obligation. For a short-term rental that rent figure comes from a documented operating history or a market rental analysis. A licensed loan officer will confirm which your file needs.
No. This program is built for properties that operate on nightly and weekly stays.
Yes. Short-term rental transactions cap at $2 Million, below the $3 Million maximum on our standard rental program. Loan amounts start at $100,000, and this program generally starts around a 660 credit score.
Personal income documentation is not required. When the loan is taken in the name of an LLC or other entity, a personal guaranty is required from the owners. Your credit history and reserves are still reviewed either way.
A prepayment penalty may apply where permitted by state law. A licensed loan officer will confirm what applies to your transaction before you commit.
They can. Some cities and homeowner associations restrict short-term rental operation, and those rules are considered during review.
One to four unit investment properties and warrantable condominiums. Non-warrantable condominiums are eligible with additional requirements. Cooperative units are not eligible.
Find out what you qualify for
Whether you’re buying, refinancing, or pulling cash out, there’s likely a Saxton Short Term Rental Loan option that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.