DSCR Loans for 1–4 Unit Investment Properties

Investment property loans for 1-4 unit properties based on Debt Service Coverage Ratio

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Series Z _(≥0.75)

Series 1 _{(No Ratio)}

Series 2 _(≥0.75)

Series 3 _(≥0.75)

Series 4 _(≥0.80)

Series 5 _(≥0.75)

Series 6 _{(No Ratio)}‍

Series 7 _(≥1.00)

DSCR (1-4)

About program

DSCR (Debt Service Coverage Ratio) loans measure property cash flow rather than the borrower’s personal income. For 1-4 unitproperties, the lender focuses on rental income to cover the monthly mortgage payment. If the rental income meets or exceeds themortgage payment (DSCR ≥ 1.0), borrowers can qualify with minimal personal income documentation.

Min 620 FICO – Up to 80% LTV

Key features

No deposit sourcing
No minimum DSCR ratio up to 75% LTV
No tradeline requirement w/ 3 credit scores
Unlimited cash in hand ≤65% LTV
SFR, condos, 2-4 up to 80% LTV
Condotels and studios up to 75% LTV
2 months reserves
3 months cash out seasoning
Cash-out used for reserves
AIR DNA & STR income accepted
Loan amounts up to $3.5m
Unlimited 30 days lates allowed
Vacant properties allowed
Rural up to 20 acres allowed

Required to Disclose

Credit report

(cannot be older than 60 days) - must be merged into the LOS.

Borrowers' ID

(passport or driver's license).

Purchase contract

(if applicable)

Submission form completed

Copy of lease agreement(s)

(if applicable)

Copies short term income statement(s)

(if applicable)

Required to Underwrite
(in addition to above)

Credit report

(cannot be older than 60 days) - must be merged into the LOS.

Borrowers' ID

(passport or driver's license).

Purchase contract

(if applicable)

Submission form completed

Copy of lease agreement(s)

(if applicable)

Copies short term income statement(s)

(if applicable)

FAQ

Other programs

Standard doc

Min 620 FICO – Up to 90% LTV

No tradeline requirement w/ 3 credit scores
Non-perm up to 90% LTV
DTI up to 55%
Unlimited cash-in-hand
Cash-out used for reserves
SFR, condotels, condos, studios, 2-4
Loan amounts up to $4m

Bank statements

Min 620 FICO – Up to 90% LTV

No tradeline requirement w/ 3 credit scores
Business or personal
50% standard expense
Min 10% expense with accountant letter
Non-perm up to 90% LTV
Unlimited cash-in-hand
3 month cash-out seasoning allowed
Cash-out used for reserves
SFR, condotels, condos, studios, 2-4
Loan amounts up to $4m

Profit & loss only

Min 660 FICO – Up to 80% LTV

No tradeline requirement w/ 3 credit scores
No bank statements
12 or 24 months accepted
Non-perm up to 80% LTV
Unlimited cash-in-hand
Cash-out used for reserves
3 months cash-out seasoning allowed
SFR, condotels, condos, studios, 2-4
Loan amounts up to $3m
CPA, EA, CTEC, PTIN

Asset utilization

Min 640 FICO – Up to 85% LTV

No tradeline requirement w/ 3 credit scores
Non-perm up to 80% LTV
Unlimited cash-in-hand
Cash-out used for reserves
SFR, condotels, condos, studios, 2-4
Loan amounts up to $4m
100% of checking, savings, money market
70% of stocks, bonds, mutual funds
Divide by 84

Foreign national

No FICO or 680 – Up to 80% LTV

Bank statement and P&L up to 80% LTV
DSCR ≥ 1 up to 75% LTV
No DSCR ratio up to 65% LTV
6 months reserves
No deposit sourcing
No credit reference letters
No asset seasoning in US account
No visa
Loan amounts up to $1.5m
Condotels, studios, condos, 2-4 up to 70% LTV
ITIN borrowers allowed
No 3rd party primary address verification

1099 only

Min 620 FICO – Up to 90% LTV

No tradeline requirement w/ 3 credit scores
1 or 2 years - 1099 or transcripts
12/24 month average minus expense ratio
Non-perm up to 80% LTV
Unlimited cash-in-hand
3 months cash-out seasoning allowed
Cash-out used for reserves
SFR, condotels, condos, studios, 2-4
Loan amounts up to $4m

DSCR (5–8 units & 2–8 mixed use)

Min 700 FICO – Up to 75% LTV

No deposit sourcing
Min DSCR of 1
No tradeline requirement w/ 3 credit scores
$1m cash in hand
Cash-out up to 65% LTV
Commercial space <50% allowed
Loan amounts up to $2m

Cross collateral

Min 660 FICO – Up to 70% LTV

No deposit sourcing
Min DSCR of 1.2
No tradeline requirement w/ 3 credit scores
Unlimited cash-in-hand
Minimum per property balance $50k
Minimum of 3 properties
Maximum of 25 properties
Cash-out up to 65% LTV

WVOE only

Min 660 FICO – Up to 80% LTV

No tradeline requirement w/ 3 credit scores
No tax return, W2, or paystubs
Non-perm up to 80% LTV
Unlimited cash-in-hand
Cash-out used for reserves
SFR, condotels, condos, 2-4
Loan amounts up to $3m
2 months bank statements required

Closed end second

Min 660 FICO – Up to 90% CLTV

Cash-out used for reserves
Loan amounts up to $500k
Combined loan amount up to $5m
Standard doc, bank statements, P&L, WVOE, & 1099 income types
Primary, second homes, and investment
AVM only for loan amounts <$250k
Non-permanent residents allowed

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DSCR Loans for 1–4 Unit Investment Properties

DSCR 1-4 loan program

Standard doc

Bank statements

Profit & loss only

Asset utilization

Foreign national

1099 only

DSCR (5–8 units & 2–8 mixed use)

Cross collateral

WVOE only

Closed end second

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