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
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