DSCR Loans with up to 85% LTV - No personal income needed- loan structured off rents

[Stacy Raskin]

DSCR loans are a great way to supercharge your investment goals and net worth. Depending on the loan program, the mortgage will only be qualified off of your middle credit FICO credit score, down payment and market or actual rents not off of your personal income.

More details:

• Loans available for purchase, cash-out and rate & term refinance
• 85% LTV for single family purchase only with a minimum middle credit score of 720. Purchase price up to $1.5M.
• Loan amounts up to $1,500,000. Minimum loan amount $100,000.
• LTV are up to 75% for cash out.
• Non-warrantable condos and condotels permitted.
• Rate buydown feature available.
• DSCR (lower of gross rent lease or Form 1007/216 rent divided by PITIA) as low as 1.0x.
• Single family home purchases that will be short term rentals can be structured off of AirDNA with a 20% expense factor- for this program only no first time investors. For this product only DSCR ratio must be 1.2 or above. An example for easy math, is the rent would have to be $1,200 or above if the mortgage, property taxes and insurance (and HOA if applicable) would be $1,000 or below.
• Additional program for 2-4 units can be structured off of short term rentals with additional requirements. Minimum 700 credit score, 25% minimum down payment with 1 year short term rental history required. 30% down payment is required with no short term rental history. Minimum 1.25 DSCR based on AirDNA rentalizer. Please contact for additional details.
• Qualify on Interest Only payment which is great for cash flow. 10 year interest only payments converting to 30 years principal and interest. Fully amortized fixed interest loan.

I work on DSCR loans in all U.S. states except for Arizona, Idaho, Iowa, Michigan, Minnesota, Nevada, North Dakota, Oregon, South Dakota and Utah. There are different products available depending on the state. Please inquire. I look forward to hearing from you.