Investment Property Loans in Oklahoma Based on Rental Income.
- Up to 80% LTV
- Based on potential rental income
- Short-term rentals allowed
- Min loan amount: $75,000
- Max loan amount: $3M
- Up to 80% LTV (Refinance)
- Up to 75% LTV (Cash out refinance)
- Roll closing costs in loan proceeds
- Min loan amount: $75,000
- Max loan amount: $3M
- Up to 80% LTV
- Minimum 5 or more properties
- Consolidated into 1 payment
- Min loan amount: $500k
- Max loan amount: $50M
Rental Loan Terms
Here are rental property loan terms for Oklahoma. Qualify based on the future rental income, not personal income.
| Credit score | Minimum 680 |
| LTV | Up to 80% LTV |
| Interest rate | As low as 7% |
| Property types | Single family home, condo, townhouse or 1-4 unit properties |
| Prepayment | No prepayment penalty after 3 years |
| Loan types | Amortized or interest only |
| Loan terms | 30 year, 15 year, 5/1 and 7/1 ARMs |
Speak with a Loan Advisor
- Compare rental loan options
- Get proof of funds today
- See how much you qualify for
Minimum Loan Requirements
Here are the minimum rental property loan requirements in the state of Oklahoma.
Minimum Credit Score
The minimum credit score to get approved for an Oklahoma rental property loan is 680.
Minimum Loan Amount
The minimum loan amount is $75,000.
Minimum DSCR Ratio
A minimum DSCR ratio of 1.2 is required. Use our DSCR loan calculator to determine your investment property’s DSCR.
Business Entity Required
Since these are business purpose loans, a legally registered business is required to get approved for a private money loan. Most lenders in Oklahoma will require this, so it’s a good idea to apply for a new LLC in the state of Oklahoma if you don’t already have one.
Minimum Documentation
The following documents will be required to get approved for any Oklahoma rental loans.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Certificate of Good Standing
Best cities to buy a rental property in Oklahoma
These are the best cities in Oklahoma to buy a rental property, based on real estate market trends, average cost of properties and more.
- Oklahoma City
- Tulsa
- Norman
- Stillwater
- Edmond
- Broken Arrow
Is it hard to get a loan for a rental property in Oklahoma?
Oklahoma investment property loans are not based on personal income. Therefore, real estate investors can get ultra-competitive terms as long as they can come up with the minimum down payment, closing costs and find a good investment property.
How do I qualify for a DSCR loan in Oklahoma?
You can qualify for Oklahoma DSCR loans if you meet the minimum credit score requirement, minimum DSCR ratio, have enough cash for the down payment and meet the other private money lender requirements.
Call a Rental Property Loan Advisor
Rental Loan FAQ’s
There are many types of rental property loans that are available to investors. Here are some common questions you may have.
What is the down payment for a rental property in Oklahoma?
The minimum down payment to purchase or refinance a rental property in Oklahoma is 20%. However, it can vary based on your credit score, LTV and and DSCR.
What are the current rental loan interest rates?
The current interest rates for rental loans as of March 2024 range from 7% to 11%. Rates are subject to change and fluctuate daily.
What determines my interest rate on a rental loan in Oklahoma?
Your interest rate will vary depending on your credit score, loan to value, real estate market risk and investment property risk.
Does Capital Ton LLC work with new investors?
Yes, we have various options for securing Oklahoma DSCR loans for new investors. Those typically come with slightly higher origination fees. Repeat or seasoned investors, can expect lower closing costs.
Does Capital Ton LLC offer loans for short term rentals?
Yes, Capital Ton LLC has flexible loan options such as DSCR and AirDNA for short term rentals. Seasoned and first-time investors are eligible for ultra-competitive terms.
Does Capital Ton LLC offer interest-only rental loans?
Yes, investors can secure “partial” interest-only rental loans which typically come with lower interest rates. These type of loans are interest-only for the first 10 years and then amortize for the following 20 years.
Is Oklahoma a landlord friendly state?
Oklahoma landlords have many advantages like setting any amount for security deposits since there’s no state limit. If renters don’t pay rent or violate lease rules, landlords can start eviction quickly—sometimes in as little as five days after giving notice. Oklahoma law also lets landlords enter rental properties for inspections or repairs, as long as they give reasonable notice to the tenants, usually 24 hours.