DSCR Debt Service Coverage Ratio Loan Program
Most investor loan programs will max the borrower/investor at 10 financed properties. However, on this program, you, at minimum, must own their current primary residence.
Jumbo $10,000,000 Maximum Loan Amount
Debt Service Coverage Ratio Loan Program Guidelines and Requirements
DSCR% Ratio and Loan Amounts
- .75% to $3,000,000
- 1% to $5,000,000
- 1.25% to $7,500,000
- 1.5% to $10,000,000
Income & Employment Requirements
Verification of Employment (VOE): Not required
- Verification of Personal Income (VOPI): Not required
- Debt-to-Income (DTI): Not calculated — qualification based solely on rental income
- Tax Documentation: No tax returns, Form 4506-T, or Form 4506-C required
Credit & Asset Requirements
- Minimum Credit Score: 600
- Credit History: Clean for the past 24 months
- Assets: $1M cash available for business purposes
700 Credit Score:
- 80% LTV – $2,500,000
- 75% LTV – $3,000,000
660 Credit Score:
- 80% LTV – $2,000,000
- 75% LTV – $2,500,000
- 70% LTV – $3,000,000
640 Credit Score:
- 80% LTV – $1,500,000
- 75% LTV – $2,000,000
- 70% LTV – $2,500,000
600 Credit Score:
- 70% LTV – $1,500,000
- 65% LTV – $2,000,00
Cash Out Refinance Available
700 Credit Score:
- 80% LTV – $2,000,000
- 70% LTV – $2,500,00
680 Credit Score:
- 70% LTV – $2,000,000
- 65% LTV – $2,500,000
660 Credit Score:
- 80% LTV – $1,500,000
- 70% LTV – $2,000,000
- 65% LTV – $2,500,000
620 Credit Score:
- 70% LTV – $2,000,000
- 65% LTV – $2,500,000
- 60% LTV – $3,000,000
Available Terms:
- 30 Year Fixed
- ARMs 5/1, 7/1, 10/1
- Interest-Only Payment Available (40 Year Fixed Rate – with Interest-Only Option with 700 Middle Credit Score)
- 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-Borrowers: OK
Experienced Real Estate Investors – 25 Financed Properties – OK
Available in the Following 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, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.