DSCR No Ratio Loan Program Overview
The DSCR No Ratio Program is built for investors who need flexible financing without strict rental income requirements. This option allows for low or no DSCR qualification while still offering competitive loan amounts, high LTV options, and a variety of property and borrower types.
No Ratio Program Highlights
Flexible Qualification
- Low or No DSCR ratio accepted
- Minimum 640 FICO score required
Loan Amounts & LTV Options
- Loan amounts up to $3,500,000
- Up to 85% LTV on purchase and rate/term refinances
- Cash-out up to 80% LTV
- Cash-out proceeds up to $1,000,000. May be used to satisfy reserve requirements
Eligible Properties
- Single-family residences (SFR)
- PUDs and townhomes
- 2–4 unit properties
- Condos, including non-warrantable condos
Borrower Flexibility
- Borrowing in the name of an LLC permitted (including foreign nationals)
- First-time investors eligible up to 75% LTV
- Foreign nationals allowed
Loan Terms
- 15-year fixed
- 30-year fixed
- 30-year fixed with interest-only option
- 5/6 ARM and 5/6 ARM with interest-only option
Additional No Ratio Benefits
- Gift funds allowed for down payment, closing costs, and reserves (with documented borrower contribution)
- Up to 6% seller concessions permitted toward closing costs
- Ownership seasoning from 0–6 months allowed, based on appraised value
Why Choose This Program?
This loan is ideal for investors seeking maximum flexibility in financing. Whether purchasing, refinancing, or cashing out, the DSCR No Ratio Program removes traditional income hurdles and supports a wide range of scenarios—including first-time investors and foreign nationals.
Related: DSCR Loans | Stated Income/Verified Assets | No Ratio Loans
Available in the Following States:
Alabama, Arkansas, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, New Jersey, New Mexico, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.