Lender · Member since 2022 · 6k+ posts · 1k+ votes
Have a rental property with equity but don’t want to refinance out of your existing first mortgage or give up a low interest rate?
Our Equity Advantage DSCR Second Mortgage may be the solution.
This closed-end second mortgage is specifically designed for real estate investors and qualifies primarily using the cash flow of the subject property.
Program Highlights:
✅ No personal income documentation required ✅ No employment documentation required ✅ Qualification based on property cash flow ✅ Minimum DSCR ratio: 1.00 ✅ Loan amounts from $75,000 to $500,000 ✅ Minimum FICO: 680 ✅ Up to 80% CLTV ✅ SFRs, PUDs, townhomes & 2–4 units ✅ AVM options available on qualifying loans under $400K ✅ No reserves required
This can be a strong option for investors who need capital but would rather keep their existing first mortgage intact.
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Cleveland, OH · Member since 2026 · 40 posts · 5 votes
1w
Love seeing second mortgage DSCR products hitting the market to protect those low-rate firsts! 👏
One quick tip for investors looking to utilize that 1.00 minimum DSCR: operating with zero cash flow buffer means your underwriting has to be absolutely flawless. If you rely on a lazy pro-forma and get hit with a hidden expense (like a post-closing tax reassessment), you will instantly go negative on your cash flow.
You have to run your expenses line-by-line. We built a free guide showing out-of-state investors how to run the real math so they know their true DSCR before tapping their equity.