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Last year, 86% of world travellers booked a short term rental (STR).
And STRs are expected to grow another 10% by 2025.
So which loans are best for this opportunity?
The answer is DSCRs for STR.
DSCR (debt service coverage ratio) loans are based on the property’s rental income, not your personal income and W2s.
So your portfolio’s growth isn’t restricted by your personal income and you can own lots of properties = lots of cashflow!
Approval is easier because there’s no painful personal income verification.
Why Beeline for
Simple STR application flow.
An online STR experience that doesn’t force you down the normal path and ask you for personal income.
Get certainty faster.
You’ll get a reliable approval and loan options in quick time so you can calculate your exact ROI on the spot.
Loan options just for STR.
We use DSCR loans for STR. They use the property’s rental income to qualify — not your personal income. No W2s. No need for a lease either.
Fast, stress-free closing.
Your dedicated Loan Guide, your Beeline Tracker and our tech mean less back and forth and you’re always in the loop.
These investors know what’s up…
My investment experience with Beeline was amazing! I loved the ability to ‘modernize’ the loan process as it could be daunting and long. I also loved the option to view different rates on their website, making it easy to compare rates that work best for us.
Thank you, Nick, TJ, Stephanie and the rest of the Beeline team! You did a fantastic job handling the financing of my recent investment property mortgage in Naples, Florida. It was a pleasure doing business with you and I look forward to working together again in the future!
Had an excellent experience with the Beeline team for a cash out refinance of my investment property. I shopped around for terms and found Beeline to be the best! The process was smooth and the terms and closing costs were excellent. I would highly recommend Beeline when looking to refinance an investment property.
Big thank you to Mike and Natasha who walked me through my refinance. Best rate. Amazing service. They helped push through for me when I had problems with a slow appraiser. They were helping me the whole time.
What you need for STR loans.
A credit score of at least 660.
Total monthly rental income should cover your principal, interest, insurance, property taxes and HOA fees (if applicable).
A minimum of 20% down payment.
For refi, you need 12 months’ historical STR income (ideally 24) and 12 months’ projections — if not, we can use LTR income.
For purchase, it helps if you have a history of owning and/or operating other STRs in the area (250 miles). You need at least 12 months’ history of you paying a mortgage or rent.
Reserves to cover 6 months’ worth of payments.
Don’t worry if you don’t tick all these boxes. We can try to make it happen using LTR.
The Home Run.
Everything you need to know about real estate investing.
Tune in as we demystify topics like how to qualify for an investment loan, landlording tips and tricks, and how to build a real estate portfolio.
Walk away with clarity on how to achieve your real estate investment goals and that sweet, sweet financial freedom.
Take the shortcut to financial freedom.
We love taking people to their financial happy place with the right loans.
And some are getting there via short term rentals.
So let’s get the STR loan out of the way so you can watch those high yields roll in while sipping a pina colada.