Debt Service Coverage Ratio - DSCR

Our Non-QM Debt Service Coverage Ratio (DSCR) loan allows a borrower to qualify for a mortgage based on cash flow generated from an investment property – through a rental, for example – as opposed to their personal income. A calculation generates a debt-to-income ratio and the higher the ratio, the better.

HIGHLIGHTS:

• 85% Max LTV on Purchases
• 85% Max LTV on Rate/Term Refi 
• Gift funds permitted
• 620 Min FICO
• Minimum 3 months reserves
• Up to $2M loan amount
• Up to $750k cash-out (75% LTV)
• Fixed-rate, ARM, & IO ARM options
• Allows for negative DSCR ratio down to .75
• Great for Airbnb/VRBO investors

• The borrower doesn’t have to own a primary home to qualify
• No experience required - First-time investors ok
• We use 100% of the market rent value
• No state licensing is required in these 20 states
• Active NMLS ID Required
• No income documentation required
• No employment verification required
• Exceptions granted with compensating factors