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DSCR Mortgage Loans

"DSCR" stands for Debt Service Coverage Ratio, a critical metric in assessing the ability of a borrower to cover their debt obligations with their income. In the context of a niche loan program, here's a summary: For clients with a strong credit history, the program offers up to 80% Loan-to-Value (LTV) ratio, requiring a minimum FICO score of 740 and providing a maximum loan amount of $3.5 million. This tier is suitable for borrowers seeking substantial financing while maintaining excellent credit standings. Additionally, the program offers another tier featuring a 55% DTI ratio, targeting borrowers with a minimum FICO score of 660. This tier is designed to accommodate various scenarios including purchases, rate and term refinancing, and cash-out refinancing. It allows borrowers with slightly lower credit scores to access financing options while still offering competitive terms.

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Asset Qualifier

Portfolio Mortgage Asset-based Income Documentation | Asset Based Lending * Debt-to-Income DTI (expense ratio) up to 55% Now you can

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