Blanket Loans

At NSS Lending, LLC, our mission is to provide our clients with the best mortgage loan products and services available. We strive to make the loan process as stress-free and simple as possible. With our unique blanket loan program, we help minimize the stress of managing multiple rental loans by blanketing your entire portfolio of properties into one blanket loan. Our experienced team of mortgage professionals is here to provide you with comprehensive loan advice and tailored solutions that meet your needs.

Two Property Minimum
UP TO 75% LTV

5/1 ARM (30 Year Amortization)

7/1 ARM (30 Year Amortization)

650 Minimum Credit Score

30-Year Fixed

Interest-Only Options

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Pros

CASH TO INVEST
Having one mortgage saves you the cost of multiple lender fees associated with closing the loan: origination fees, processing fees, service fees, third party fees, and more, leaving you more money to invest in other projects. Additionally, many blanket mortgages operate with a release clause, which allows you to sell a property without having to use the sale proceeds to pay off the loan.

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BETTER INTEREST RATES

Multiple mortgages will undoubtedly carry a number of different interest rates, some of which might be unfavorable. A blanket loan refinance provides the opportunity to bring everything together under one interest rate.

Cons

HIGHER DOWN PAYMENT
A lender offering a blanket mortgage may be putting themselves at greater risk, hence asking for a higher down payment.

BALLOON PAYMENT
When a loan is structured as a balloon payment, the borrower must pay off the entire loan within a shorter amount of time