Program Overview
Key Features
- No tax returns required
- Tenant income aggregation
- Up to 80% LTV
- Vacancy factor consideration
- 30-year amortization
- Fast closing
Eligible Property Types
- Duplex
- Triplex
- Fourplex
- 2-4 Unit Buildings
Business Purpose Only
Business-purpose loans only. Multifamily investment experience preferred.
Eligibility Requirements
Minimum FICO
Credit score requirement
Maximum LTV
Loan-to-value ratio
Cash Flow Based
No tax returns needed
Program Guidelines
DSCR calculated using total rental income from all units. 5% vacancy factor applied.
Rates & Terms
| LTV | FICO | Rate | Points | Prepayment |
|---|---|---|---|---|
| 75% | 740+ | 7.250% | 0.00 | 5/4/3/2/1 |
| 80% | 740+ | 7.375% | 0.25 | 5/4/3/2/1 |
Note: Rates shown are starting rates and may vary based on property type, location, and borrower qualifications. Prepayment penalties apply as shown. Business purpose loans only.
Calculate Your Scenario
DSCR Calculator
Enter your property details below
Property Income
Monthly Expenses
Loan Details
Results
Recommendations
- You qualify for our best rates and terms
- Consider higher LTV options up to 80%
Understanding DSCR
≥ 1.25
Strong DSCR. Qualifies for best rates and highest LTV options up to 80%.
1.0 - 1.24
Acceptable DSCR. May qualify with adjusted terms or lower LTV.
0.75 - 0.99
Consider no-ratio DSCR program or property improvements.
Frequently Asked Questions
How do you calculate DSCR for multifamily?
We aggregate rental income from all units and apply a 5% vacancy factor before dividing by total PITIA.
What if some units are vacant?
We use market rent analysis for vacant units and apply conservative vacancy factors.