DSCR Investment property Mortgage Loans

DSCR Investment property Mortgage Loans – This is a non-owner occupied loan (NOO) for real estate investors that qualifies the borrower on only the rental income and not on personal tax returns.

DSCR Loans are mortgage loans designed for 1-to-4 unit investment property owners for investors.

The non-owner-occupied market is anything but predictable, but one thing is certain – with Fannie Mae and Freddie Mac restricting their non-owner-occupied investments and over 24 million non-owner-occupied properties in the USA, the opportunity has never been greater to expand your non-owner occupied product offerings to fill this need.

1. Qualifies off the cash-flow of the rental property
2. No Income, No Employment, and no Reserves Required
3. Low Rate
4. No Pricing Adjustments
5. Simple Guidelines
6. No Reserves Required
7. 100% Gift Funds Allowed
8. First Time Investors Welcome
9. Qualify Using Starting Payment
10. Escrows Not Required
11. Unlimited Financed Properties Allowed
12. Loan Amounts From $100,000 to $2,000,000

Investor Cash Flow

• No income, no employment – qualifies on cash flow of property
• Minimum DSCR 1.0
• No DSCR with minimum 700 FICO and maximum 75% LTV
• Non-warrantable condos allowed
• Up to 80% LTV
• Credit scores starting at 600
• Gift of Equity allowed

 

What types of NOO properties are included?
NOO 1-to-4 unit investment properties, short-term vacation properties, that do not need to currently be rented.
Mixed-use properties or condotels do not qualify.

 

What makes DSCR different?

• Qualifies off the rental income NOT borrower income.
• No traditional income documents (No W2s, No Tax returns, etc.).
• Does not require reserves.
• First-time investors allowed (no LTV reduction).
• No pricing tiers (and no tears)!
• Gift funds allowed.
• No limit on financed properties.
• No term adjustments.

 

Bank Statement Loans

• 12 or 24 months personal or business bank statements – no tax returns required
• Loans to $3 million
• Up to 95% LTV, No MI
• Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
• Credit scores starting at 600

• FICOs starting at 600
• LTVs up to 95%
• Loan Amounts to $5 million
• DSCR & No Ratio FICOs starting at 680, 620 (no ratio), great for Business Owners and Investors
• Cash-out Max 70% Property Value (check our matrix)
• Full Doc/Alt Doc
• ITIN
• Bank Statement
• Fixed, ARM & Interest Only