Can I Get a 30-Year Fixed Loan on an Airbnb in NC?

Yes, in North Carolina, Georgia and Virginia, and it's one of our specialties. An Airbnb or other short-term rental can get a 30-year fixed rental loan for up to 80% of the purchase price with 700+ credit. The loan is based on the property's rental income, not your personal income, so there are no tax returns. Rental loans start at $75,000.

How the rental income is counted

Most lenders use AirDNA, which estimates the income from comparable short-term rentals nearby, so a new Airbnb can qualify before it has a single booking. Some lenders count part of the AirDNA estimate and some count all of it, especially if you already run a short-term rental in the same market. A few want 12 months of booking history, so we send new properties to lenders that don't.

What makes a short-term rental deal work

The city and any HOA allow short-term rentals, and the AirDNA income covers the payment. With good credit, lenders will go down to a 1.0 DSCR, meaning the income only has to match the payment. Some lenders take leverage off for short-term rentals, so we send yours to one that doesn't and you put down as little as possible.

Purchase, refinance or cash-out

Buying a short-term rental, refinancing one into a 30-year fixed loan, or pulling cash out to buy the next one all work. Cash-out refinances top out at 75%. Rental loans usually close in 3 to 4 weeks. We finance short-term rentals across North Carolina, Georgia and Virginia, from the coast to the mountains.

Related questions

Do you need 20% down for a DSCR loan?

Who lends on rural rental properties in North Carolina?

Can you refinance right after a rehab?

Investment property only. Business-purpose loans, never owner-occupied. Terms vary by experience, credit, liquidity, and project strength. Subject to underwriting and approval. Not every deal or borrower will fit every program. This is not a commitment to lend.