Program Overview
Key Features
- 12-month STR income averaging
- 20% expense factor applied
- Platform statements accepted
- Seasonal adjustment consideration
- Market rent analysis backup
- STR-experienced underwriters
Eligible Property Types
- Single Family
- Townhome
- Condo
- Vacation Rental
Business Purpose Only
Business-purpose loans only. STR properties subject to local regulations and HOA restrictions.
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 12-month STR income with 20% expense factor: (Annual STR Income ÷ 12 × 0.80) ÷ PITIA
Rates & Terms
| LTV | FICO | Rate | Points | Prepayment |
|---|---|---|---|---|
| 70% | 740+ | 7.500% | 0.25 | 5/4/3/2/1 |
| 70% | 680-739 | 7.750% | 0.25 | 5/4/3/2/1 |
| 75% | 760+ | 7.625% | 0.50 | 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 STR income?
We use 12 months of platform statements (Airbnb, VRBO) and apply a 20% expense factor for DSCR calculation.
What documentation is required?
12 months platform statements, bank deposits, property management agreements, and market rent analysis (1007).