DSCR
Don't worry if your client's income or assets aren't easily verifiable. We can approve DSCR loans based on the cash flow from investment properties. If your clients have residential rentals, office space, retail shops or anything else making money, a DSCR loan may be the perfect fit.
DSCR
- Investment properties only!
- Loans up to $3 Million
- DSCR down to 0.75
- Credit scores starting at 620
- Up to 80% LTV on Purchases
- Cash-out up to 75% LTV with 720 FICO
- 24/7 online support
- Maximum 50% DTI
- No Employment and Income Verification
DSCR Multi-Unit
- Business purpose loan only!
- Loans up to $3 Million
- Credit scores starting at 660
- Up to 75% LTV on Purchases
- Cash-out up to 65% LTV with 660 FICO
- Maximum 50% DTI
- Minimum qualifying DSCR 1.0 (gross rents divided by PITIA)
- Qualifying ratios based on the Note Rate (PITIA)
- Vacant units use 75% of market rents to qualify
- No Employment or Income Required
- Minimum of 12 months Housing History
Non-Owner Occupied
Sometimes known as investment property mortgages, or rental mortgages, non-owner occupied loans give your clients the ability invest in properties in which they don't currently reside. If your client is looking for financing for a 1-4 unit investment property, one of these could be the perfect solution.
P&L Only
P&L Only is a great solution for borrowers who have not yet filed tax return and need to the most recent income to qualify for an investment property.
- Minimum of 620 FICO
- Loans up to $3 Million
- Purch-R/T up to 75% LTV with 720 Fico up to $3 Million
- Cash Out up to 65% LTV with 720 Fico up to $3 Million
- At least one borrower self-employed for at least 2 years
- 6 months reserves required
- P&L must be preapared by CPA, EA, or CTEC
12/24 Bank Statament
Our 12/24 Month Bank Statement loans are perfect for self-employed borrowers who do not show sufficient income on tax returns but collect large deposits in their personal and/or business bank statements each month.
- Minimum of 620 FICO
- Maximum DTI 50%
- Loans up to $3 Million
- Purch-R/T up to 70% LTV with 720 Fico up to $3 Million
- Cash Out up to 60% LTV with 720 Fico up to $3 Million
- At least one borrower self-employed for at least 2 years
- Minimum of 6 months reserves required
- Combination of business and personal bank statements allowed
- No P&L is required
Asset Depletion
- Credit Scores starting at 620
- Loans up to $3 Million
- Purch-R/T up to 70% LTV with 720 Fico up to $3 Million
- Cash Out up to 60% LTV with 660 Fico up to $3 Million
- Income calculation - all eligible assets divided by 84 months
- Cash-Out Available
- Checking, Saving, Money Market accounts at 100%
- Mutual Funds at 90%
- Retirement at 80%
Full Doc
- Minimum of 620 FICO
- Maximum DTI 50%
- Loans up to $3 Million
- Purch-R/T up to 70% LTV with 660 Fico up to $3 Million
- Cash Out up to 65% LTV with 660 Fico up to $3 Million
- Minimum of 6 months reserves required
Owner Occupied
Owner-occupied loans give your clients the opportunity to tap into better financing options than most investment only properties. After all, most homeowners are able to find much more attractive mortgage terms than real estate investors. Get in touch to hear more.
P&L Only
- Minimum of 620 FICO
- Loans up to $3 Million
- Maximum DTI 50%
- Purch-R/T up to 75% LTV with 720 Fico up to $3 Million
- Cash Out up to 65% LTV with 720 Fico up to $3 Million
- At least one borrower self-employed for at least 2 years
- 6 months reserves required
- P&L must be preapared by CPA, EA, or CTEC
12/24 Bank Statament
Our 12/24 Month Bank Statement loans are perfect for self-employed borrowers who do not show sufficient income on tax returns but collect large deposits in their personal and/or business bank statements each month.
- Minimum of 620 FICO
- Maximum DTI 50%
- Loans up to $3 Million
- Purch-R/T up to 70% LTV with 720 Fico up to $3 Million
- Cash Out up to 60% LTV with 720 Fico up to $3 Million
- At least one borrower self-employed for at least 2 years
- Minimum of 6 months reserves required
- Combination of business and personal bank statements allowed
- No P&L is required
Full Doc
- Minimum of 620 FICO
- Maximum DTI 50%
- Loans up to $3 Million
- Purch-R/T up to 75% LTV with 660 Fico up to $3 Million
- Cash Out up to 70% LTV with 660 Fico up to $3 Million
- Most recent two years tax returns and 1040 tax transcripts required
- Self-Employed borrowers are also required to have YTD P&L
1099
- Minimum of 620 FICO
- Maximum DTI 50%
- Loans up to $3 Million with 75%LTV
- Purch-R/T up to 90% LTV with 700 Fico up to $1 Million
- Cash Out up to 80% LTV with 700 Fico up to $1 Million
- Primary or Second Home Only
WVOE
- Minimum of 620 FICO
- Maximum DTI 50%
- Loans up to $3 Million with 75%LTV
- Purch-R/T up to 80% LTV with 680 Fico up to $1 Million
- Cash Out up to 75% LTV with 700 Fico up to $1 Million
- Employed by family owned/managed bussiness not allowed
Asset Depletion
- Credit Scores starting at 620
- Loans up to $3 Million
- Purch-R/T up to 70% LTV with 660 Fico up to $3 Million
- Cash Out up to 65% LTV with 660 Fico up to $3 Million
- Income calculation - all eligible assets divided by 84 months
- Cash-Out Available
- Checking, Saving, Money Market accounts at 100%
- Mutual Funds at 90%
- Retirement at 80%