For DSCR loans, we offer up to 85% LTV (15% down) on purchases if you have a 740 credit score and 24 months of rental investment experience. For typical DSCR loans: Purchase, Refi, or Rate/Term Refinance: Up to 75% LTV for 2-4 unit properties. Cash-Out Refinance: Up to 75% LTV for 1-unit properties and 70% for 2-4 unit properties.

Yes, prepayment penalties can be selected for 0, 1, 2, 3, 4, or 5 years for single-family homes or properties with up to 4 units. These are step-down penalties, meaning the penalty decreases by one year with each year of payments. For commercial loans with 5 or more units, a 5-year prepayment penalty is required without exceptions.

Yes! We provide rehab loans with 100% financing for rehab costs to help you transform investment properties.

Yes, a down payment of 15%–25% is required, depending on variables such as your credit score and investment experience.

No. DSCR loans focus on the property’s rental income, not your personal income. This makes it easier to scale your portfolio beyond the limits of traditional loans.

• Points: Discount points are a form of prepaid interest that allows borrowers to lower their mortgage interest rate by paying an upfront fee at closing. This helps reduce monthly payments over the loan’s term. • Credits: Lender credits are offered in exchange for a slightly higher interest rate and can be used to offset some or all of your closing costs. This option is ideal for reducing out-of-pocket expenses at closing. • Origination Fees: An origination fee is a one-time cost charged by the lender for processing your loan application. It is typically a percentage of the total loan amount and is paid at closing.

Yes, DSCR loans are available for short-term rental properties.

Yes, rental income projections can be used for the initial loan submission. However, the appraiser's 1007 report will determine market rents, and the lender will base their calculations on those numbers.

Our average closing time is 24 days. However, this can vary depending on factors like title clearance and appraisal reports, which typically take 10–14 days. If transferring an appraisal and the title is complete, closing can occur in 2 weeks or less.

To qualify for a DSCR loan, a minimum credit score of 680 is typically needed. However, requirements can vary by lender, so it’s best to check specific criteria. The quickest way to see where you stand is to complete our simple 5-step application, which takes about 15 minutes.

DSCR loans can be used for single-family homes, multi-family properties (up to 4 units), short-term rentals like Airbnb, and commercial properties with 5 or more units.

If your DSCR falls below the lender's requirement, you may need to bring an additional 5% down payment for a purchase. For a refinance, your loan-to-value (LTV) ratio might be reduced by 5%.

Our DSCR loans start at $75,000 and go up to $5 million, giving you the flexibility to finance a range of properties.

We offer 30-year and 15-year terms. Additionally, for DSCR loans, we have a 40-year option and a 30-year term with the first 10 years as interest-only payments.

No, DSCR loans are strictly for investment properties.

This depends on the state where you are purchasing. Contact us to discuss your specific situation.

Yes, refinancing is available for investment properties through a DSCR loan.

Yes! DSCR loans are designed for investment properties, so borrowing through an LLC can help limit your liability and build a credit profile for your business.

We currently offer DSCR loans in: Alabama, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. We do not currently originate in: Alaska, Arizona, California, Idaho, Iowa, Minnesota, Nevada, North Dakota, Oregon, South Dakota, and Vermont.

Legal Identification: Driver's license, passport, or equivalent. Two months of bank statements. LLC Documentation: EIN, Articles of Incorporation, and Operating Agreement (if applicable). Completed loan application.

Yes, we offer a 40-year term and a 30-year term with interest-only payments for the first 10 years, exclusively for DSCR loans.