Rental Loans in Birmingham, AL

Kick A$$ Alternative Investment Lender. Awesome Rates. Fast Closings. Loans for Investors by Investors....
Home » Loans » Rental » Alabama » BirminghamStates not included: CA, NYC, NV

i FUND CITIES - Fast Rental Loans for Birmingham, Alabama, Real Estate Investors

i Fund Cities is an alternative, non-bank, private money lender providing fast, flexible, reliable, and investor-friendly financing to real estate investors in and around Birmingham, Alabama. If you are investing near Birmingham and you need investment funding for purchase only, new construction, rehab, cash-out or rate and term refinance, BRRRR, short-term Rental, build to rent, or otherwise, then give us a shout!

Rental Loan Rates as Low as 5.25% in Birmingham, Alabama

i Fund Cities’ Rental Loans get you fast, flexible, and reliable funds for your next Birmingham, Alabama real estate property investment!

What Makes Our Birmingham, Alabama Rental Loans So Awesome?

Need a Fast and Free Rental Loan Rate Quote? We Got You!

  • Purchase only - up to 80% LTV; cash-out refi - up to 75% LTV
  • Rental loans for 1 to 8 units
  • We fund short-term rentals
  • 30-year fixed, 7/1/ and 5/1 fixed/adjustable rates
  • 215.770.1505

We'll get you one (without checking your credit)!

Let's Do This!
Fast and Free Rate Quote

Hey Birmingham, Alabama investors! Need a Kick A$$ Rental Loan?

We are experts in providing alternative, non-bank Rental Loans for Birmingham, Alabama, real estate. Our fast, flexible, and reliable Rental Loans are for Birmingham investors who need financing that is faster than the bank, with great rates and terms. Our lending team will help you get a Rental Loan for your Birmingham, Alabama, property investment dialed in pronto! Call us at 215.770.1505

Rental Loans in Birmingham, Alabama

What are i Fund Cities's current Rental Loan rates in Birmingham, AL?

i Fund Cities offers Rental Loan rates as low as 5.25%.

Word of caution: do not believe the low rate marketing gimmicks you see out there in the lending world. Rates are always determined by the following criteria:

Real estate asset
Investor experience
Investor credit score
Investor liquidity

Can you provide an example of how Rental Loan numbers might work in a deal?

Sure! Here’s what a Rental Loan breakdown would look like:

  • Purchase price $100,000
  • i Fund Cities can lend you up to 80% LTV so ...
  • Total loan amount would be $80,000, which is above our minimum loan value of $75,000

What length of loan terms does i Fund Cities offer for Rental Loans in Birmingham, AL?

i Fund Cities offers Rental Loans with 30 Year Fixed, 7/1, 5/1 Fixed/ARM terms.

Do you lend on both a property purchase and the repairs for Rental Properties in Birmingham, AL?

Yes. We lend 100% of the construction financing and up to 80% of the purchase price of the asset in and around Birmingham, AL.

What property types does iFC offer Rental Loans for in Birmingham, AL?

We offer Rental Loans on the following property types:

  • Single Family Residences
  • Multifamily
  • Townhomes
  • Condos
  • Short-Term Rentals

Are there any exceptions to property types for your Rental Loans?

We do not fund properties in Birmingham, AL that are designated as “rural.”

Does iFC have a minimum credit score for Rental Loans in Birmingham, AL?

Yes. For Rental Loans, we require a minimum FICO score of 640.

Does iFC have minimum and maximum loan amounts for Rental Loans?

Our minimum loan amount in Birmingham, AL, is $75K and our maximum loan amount is $15 million.

What states does iFC lend in?

We lend in all 50 states except for California, New York, and Nevada.

Can I borrow from iFC if I am from another country?

iFC can provide Rental Loans to both U.S. Citizens and Foreign Nationals.

What documents do you need from me for underwriting Rental Loans in Birmingham, AL?

For Rental Loans in Birmingham, AL, our underwriting process is less extensive than a traditional bank’s. We also make it as transparent and straightforward as possible.

Documents needed:

  1. Contact info for Buyer (and Guarantors), and Title, and Insurance Companies
  2. Loan Application + Driver’s License
  3. Agreement of Sale or Deed
  4. Property Leases
  5. Buyer’s Real Estate Experience/History
  6. Project/Entity Information
  7. 2-Month’s Bank Statements
  8. ACH Wire Transfer Info and W-9

Do you do an appraisal for Rental Loans in Birmingham, AL?

Yes. We do an appraisal using LOCAL Birmingham, AL, appraisers. (Using appraisers from large, national appraisal management companies can impact appraisal quality and slow down the loan process.)

Do I need a business entity to get an iFC Rental Loan in Birmingham, AL?

Yes. You will need to have an LLC, a Limited Partnership, a General Partnership, a Corporation, or a Trust.

Is there a prepayment penalty?

Our prepayment penalties are as follows:

  • Zero or
  • 5-year (5%, 4%, 3%, 2%, 1%)
  • 3-year (3%, 3%, 3%)

Can I (or a friend or family member) live in my Rental property?

As the borrower, you are not able to live in the property. However, a family member can occupy your Rental Property in Birmingham, AL.

Rental Real Estate Market in Birmingham

Birmingham, AL, Key Indicators Like “Average Home Price” for Rental Properties

Every real estate investor, especially Rental Property investors, will benefit from learning how to analyze local market conditions when looking to invest in property in Birmingham, AL. There are many things to consider when deciding whether Birmingham, AL, is a good market for Rental Property investments. Factors such as the city’s “Average Home Value,” “Homeownership Rate,” and “Median Household Income,” can help investors understand the metrics of buyers and renters in Birmingham. Rental Property investors can also check out Birmingham's' “Average Home Remodeling Costs,” and “Median Monthly Housing Costs.” These metrics will help investors calculate the costs of fixing, flipping, and renting Birmingham properties. When it comes to selling, every investor wants to make more than they have spent, of course, so it’s helpful to know whether home prices are going up or down in Birmingham, as rising home prices can signal a stronger market for both selling and renting properties.

Be a Rental Pro in Birmingham: Free 85+ Item Construction Checklist

Average Days on Market (DOM) Data for Birmingham, AL, Rental Properties

When there are more buyers than there are houses to buy in a market, it creates something called a “Seller’s Market,” which drives up property prices. A Seller’s Market can impact the purchase price and the sale of every type of investment property, from Fix and Flips to Multifamily, to Rehab to Rent, to New Construction. That’s why knowing how many days it takes to sell a home listed on the market, the “Average Days on Market” (DOM), is a big deal for a Rental Property investor in a city like Birmingham. Knowing whether your investment property is in a buyer’s or a seller’s market can indicate who will have an advantage when the real estate investor goes to buy, sell, or even rent the property.

Real Estate Inventory Data for Birmingham, AL, Rental Properties

If a market like Birmingham is flooded with homes for sale and rent, it just makes sense that real estate investors, including Rental Property investors, are going to have a tougher time when they go to sell or rent their investment property, than if there is a lot of competition for properties. That is why knowing the “Real Estate Inventory” for Birmingham is important information if you are considering a Rental Property investment.

Key Growth Factors in the Birmingham Real Estate Market

Commercial: Birmingham businesses include diversified industries such as Health and Medical, Tourism and Hospitality, Technology, Manufacturing, and Professional Services.

Economy: The development of Birmingham’s top companies and industries will continue to be key drivers in the growth of the city’s real estate market.

Education: Graduates from local Birmingham schools, as well as those from nearby schools and universities, provide a foundation for the growth of the city’s businesses and industries.

READY TO GET STARTED?