Non-QM Mortgage Broker

Debt Service Coverage Ratio Loan Program Guidelines and Requirements

Experienced Real Estate Investors - 25 Financed Properties - OK 

Most investor loan programs will max the borrower/investor at 10 financed properties. Borrower at minimum must own their current primary residence

DSCR% and Loan Amounts

  • DSCR - .75% to $3,000,000
  • DSCR - 1% to $5,000,000
  • DSCR - 1.25% to $7,500,000
  • DSCR - 1.5% to $10,000,000

Loan Amount and Property Types

  • Jumbo $3,500,000 Maximum Loan Amount - Single Family Residence (SFR)
  • Super Jumbo $7,000,000 Maximum Loan Amount - 2 Unit
  • Super Jumbo $10,000,000 Maximum Loan Amount - 4 Unit

Income and Employment

  • Verification of Employment (VOE) Documentation: None Required

  • Verification of Personal Income (VOPI) Documentation: None Required

  • No DTI Calculated. All Rental Income Based

  • No Tax Returns and No Form 4506-T or Form 4506-C for Tax Transcripts

Credit Requirements 

Minimum Credit Score - 600. Credit Score exceptions to 580 with compensating reserves. Ex: 150% of minimum requirement. Clean Credit Previous 24 Months

Credit Score - LTV - Loan Amounts

700 Credit Score

  • 80% LTV - $4,000,000
  • 75% LTV - $5,000,000

660 Credit Score

  • 80% LTV - $3,000,000
  • 75% LTV - $4,000,000
  • 70% LTV - $5,000,000

620 Credit Score

  • 80% LTV - $2,500,000
  • 70% LTV - $3.000,000
  • 65% LTV - $4,000,000

600 Credit Score

  • 70% LTV - $2,000,000
  • 60% LTV - $2,500,000

Cash Out Available

Maximum Cash-in-hand $$3,000,000 for Personal or Business Purposes

700 Credit Score

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

660 Credit Score

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

620 Credit Score

  • 70% LTV - $1,250,000 Cash Out
  • 60% LTV - $1,500,000 Cash Out
  • 50% LTV - $2,000,000 Cash Out
  • 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

Non-Occupant Co-Borrower's: OK for credit support

Available in the Following States

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, and Washington.