Program Overview
Key Features
- No tax returns required
- Portfolio DSCR calculation
- Up to 75% LTV
- Experience required
- 30-year amortization
- Commercial underwriting
Eligible Property Types
- 5-8 Unit Multifamily
- Small Apartment Buildings
Business Purpose Only
Business-purpose loans only. Multifamily experience required.
Eligibility Requirements
Minimum FICO
Credit score requirement
Maximum LTV
Loan-to-value ratio
Cash Flow Based
No tax returns needed
Program Guidelines
Minimum 5 rental properties or equivalent experience. Global DSCR calculation across all units.
Rates & Terms
| LTV | FICO | Rate | Points | Prepayment |
|---|---|---|---|---|
| 70% | 740+ | 7.500% | 0.50 | 5/4/3/2/1 |
| 75% | 760+ | 7.750% | 0.75 | 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 is DSCR calculated for multifamily?
We calculate global DSCR using total rental income from all units divided by total PITIA for the property.
What experience is required?
Minimum 5 rental properties or 3+ years multifamily experience with documented performance.