Program Overview
Key Features
- No tax returns required
- Qualify on property cash flow (DSCR)
- Up to 80% LTV on purchases
- Interest-only options available
- 30-year amortization
- Close in 14-21 days
Eligible Property Types
- Single Family
- Townhome
- Condo
- PUD
- 2-4 Units
Business Purpose Only
Business-purpose loans only. Consumer protections for owner-occupied properties do not apply.
Eligibility Requirements
Minimum FICO
Credit score requirement
Maximum LTV
Loan-to-value ratio
Cash Flow Based
No tax returns needed
Program Guidelines
DSCR must be 1.0 or higher for standard pricing. 0.75-0.99 eligible for adjusted terms.
Rates & Terms
| LTV | FICO | Rate | Points | Prepayment |
|---|---|---|---|---|
| 75% | 740+ | 7.125% | 0.00 | 5/4/3/2/1 |
| 75% | 680-739 | 7.375% | 0.00 | 5/4/3/2/1 |
| 80% | 740+ | 7.250% | 0.25 | 5/4/3/2/1 |
| 80% | 680-739 | 7.500% | 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
What is a DSCR loan?
A DSCR loan qualifies borrowers based on the property's debt service coverage ratio (rental income divided by PITIA) rather than personal income or tax returns.
What DSCR ratio do I need?
Minimum DSCR of 1.0 for standard programs. DSCR of 1.25+ qualifies for best rates and terms.
Can I use projected rents?
Yes, we use the 1007 rent schedule from your appraisal for market rent analysis.