Experienced Real Estate Investors - 25 Financed Properties - OK 

Jumbo $2,000,000 Maximum Loan Amount

DSCR Debt Service Coverage Ratio Loan Program

Verification of Employment VOE: None

Debt Rate Coverage - 1.5%

Credit Score - 600

No DTI Calculated. All Rental Income Based

No Tax Returns or 4506-T Form Tax Transcripts

Cash-in-hand $1M for Business Purposes

Clean Credit Previous 24 Months


700 Credit Score

  • 85% LTV - $2,000,000
  • 80% LTV - $2,500,000

660 Credit Score

  • 85% LTV - $1,500,000
  • 80% LTV - $2,000,000
  • 70% LTV - $2,500,000

620 Credit Score

  • 80% LTV - $1,250,000
  • 70% LTV - $1,500,000
  • 60% LTV - $2,000,000

600 Credit Score

  • 70% LTV - $1,250,000
  • 60% LTV - $1,500,000


Cash Out Available


700 Credit Score

  • 80% LTV - $1,500,000
  • 70% LTV - $2,000,000


660 Credit Score

  • 80% LTV - $1,250,000
  • 75% LTV - $1,500,000
  • 65% LTV - $2,000,000


620 Credit Score

  • 70% LTV - $1,250,000
  • 60% LTV - $1,500,000
  • 50% LTV - $2,000,000
  • 40 Year Fixed Rate - Interest-Only Option with 700 Middle Credit Score


Available Terms:

  • Fixed 30
  • ARM's 5/1, 7/1, 10/1
  • Interest-Only Payment Available


Inherited Properties: 
OK. Includes Properties Obtained via Divorce/Separation or Dissolved Domestic Partnership. 6 Months Inheritance Seasoning Required for Cash Out "Using Market Value"


Delayed Financing: Not Allowed


Eligible Property Types & Occupancies: Primary Residence, Second Homes - SFR Only, Non-Owner-Occupied / Investment - SFR Only. Non-Warrantable Condos and Condotels OK


Eligible Borrowers: 
Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK


Power of Attorney: OK for Purchase and Rate and Term Refinance


Vesting: Corp and LLC OK

Gaps in Employment - Not Allowed Over 60 Days Without Official Employment Offer Letter

Non-Occupant Co-Borrower's: OK 

 

States:

Alabama | Arizona | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Illinois | Maine | Maryland | Massachusetts || Nevada | New Hampshire | New Jersey | New Mexico | North Carolina | Oklahoma | Oregon | Pennsylvania | Tennessee | Texas | Utah | Vermont | Virginia | Washington