Purchase or Cash Out Refinance 620 Credit Score
The Real Estate Investor Program offers flexible income documentation options, including Full Doc or DSCR (Debt Service Coverage Ratio).
This Investor DSCR Mortgage Program offers flexible financing for real estate investors with credit scores starting at 620. Borrowers can qualify using full documentation or alternative income verification through DSCR (Debt Service Coverage Ratio) options ranging from 0.75 to 1.5. Loan amounts are available up to $7,000,000, with up to 80% LTV for purchases and 75% for cash-out refinances.
Alt Doc Income Documentation
DSCR (Debt Service Coverage Ratio) Eligible DSCR and LTV Ratios: Debt Service Coverage Ratio (DSCR) .75% – 1.5%
DSCR Jumbo Loan Amounts & LTVs
* $7,000,000 – 80% LTV Purchase
* $7,000,000 – 75% Cash-Out Refinance
Super jumbo DSCR loans from $250,000 to $7,500,000. Get up to 80% LTV for purchases and 75% for cash-out refinances.
Looking for flexible or Creative financing?
DSCR loans offer high loan amounts with simplified income documentation, ideal for real estate investors. With generous LTV limits and no traditional income verification, DSCR programs are designed for borrowers focused on property cash flow.
Property Types:
- Single Family Residence (SFR), Condos, 2-4 Units
- Eligible Occupancy: Investment Properties
- 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, 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.