680 Credit Score to $3,000,000 Loan Amount
Our Debt Service Coverage Ratio (DSCR) mortgage loan program is designed for investors, high-net-worth individuals, and self-employed borrowers. Qualification is based on the property’s rental income, with DSCR calculated as gross rental income divided by P(I)TIA. This program accommodates 1-4 family homes, condos, and 5-8 residential units.
Non-QM Mortgage Lender Offering DSCR Loans
As a Non-QM mortgage lender, we provide loans up to $3,000,000 with no TRID waiting periods. Borrowers can close in an LLC or corporation, with credit scores as low as 620 and DSCR ratios down to 0.75. Our DSCR calculated using gross rental income divided by total housing expense.
DSCR loan Guideline Highlights
DSCR Ratio – .75
Rental Income Driven
Eligible Property Types
Single Family Residence, 1-4 Unit, Warrantable, Non-Warrantable Condos, Commercial Multi-Units
Eligible Occupancy Types
Owner-Occupied
Non-Owner-Occupied
Eligible Title Vesting
LLC
Corporation
Available in the Following States:
Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin.