Designed for borrowers who have an investment property portfolio, and need alternative means to qualify for an investment property loan.
- Designed for borrowers who have an investment property portfolio and need alternative means to qualify for a loan
- Qualification based on subject property Debt Service Coverage Ratio (DSCR)
- DSCR = Gross Rent/PITI
- 2 ways to qualify
- DSCR >= 1.15
- No Ratio (not using subject property rent to qualify)
- Purchase or Rate & Term up to 80% LTV
- Cash out up to 75%
- 3/1 & 5/1 ARMs
- Interest only available
- Prepayment penalties available 1-3 years
- Escrows are required
- No income or employment verification (cash to close must be verified)
- No reserve requirement
Is a Investor DSCR loan right for you?