The Real Estate Investor Program offers flexible income documentation options, including Full Doc or DSCR (Debt Service Coverage Ratio)
Purpose: Purchase or Cash Out Refinance
Income Documentation: Full Doc or DSCR (Debt Service Coverage Ratio)
Eligible DSCR and LTV Ratios:
Debt Service Coverage Ratio (DSCR) .75% – 1.5%
Loan-to-Value (LTV): 80% Purchase and 75% Cash Out Refinance
Super Jumbo Loan Amounts from $250,000 to $7,500,000
Credit Score Requirement: 620
Eligible Property Types: Single Family Residence (SFR), Condos, 2-4 Units
Eligible Occupancy: Investment Properties
Terms Available: 10-year arm, 30-year fixed, 40 year fixed. Interest only also available
Underwriting Notes: Investors, 1-10 Financed Properties allowed even if non-owner occupied.
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.