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

 

Our DSCR program is designed for experienced real estate investors and qualified borrowers based on cash-flows solely from the subject property.

  • 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

 

This program is designed for the experienced investor for the acquisition and financing of 5-8 unit residential investment properties and 2-8 unit mixed use investment properties.

  • 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

 
Asset Depletion is designed for investors who have significant veriable assets and would benefit from alternative loan qualification methods.

  • 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

 
Full Doc loans are great for self-employed borrowers, small business owners and other individuals who can prove income and assets but cannot qualify for a traditional agency loan.

  • 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

 

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 a primary home or second residence.

  • 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

 

Full Doc loans are great for self-employed borrowers who can prove income and assets but cannot qualify for a traditional agency loan.

 


  • 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

 

The 1099 is an owner occupied program designed for borrowers who are paid on a 1099 basis and would benefit from alternative loan qualification methods.

  • 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

 

The WVOE program is designed for wage or salaried borrowers providing a streamlined loan qualification method.

  • 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

 

Designed for borrowers who have significant verifiable assets such as stocks, bonds, mutual funds, retirement or/and bank accounts, and would benefit from alternative loan qualification methods. 

  • 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%