DSCR Rental Loans

Rates Starting at 5.3%*

Long Term Financing options for Investors aiming to acquire and maintain an unlimited portfolio of rental properties for cash flow.

Max TLV

Purchase: 85%
Cash-Out Refinance: 75%

30 years term

Flexible repayment periods

$75k - $2MM

Minimum loan amount

Flexible Financing Solutions

We can consider the signed lease rent for loan evaluations, provided there is documented rental income for a minimum of 3 months.

DSCR Standard

Purchase, rate-term refinance, or cash-out of a single rental property

660

Minimum FICO

85%

Max LTV

Recourse

Full Recourse only

Rate Types

Fixed and adjustable rate options available

Experience

not required

Amortization

Fully amortizing and Partial Interest Only options available

Borrower Type

Entity required

Property Types

Single family residences (SFR) / 2-4 unit properties / Warrantable condos / Townhomes / PUD

Vacancy Maximum

Purchases vacant are ok & 1 unit on a 2-4 unit refinance

Foreign Nationals

65% LTV

Seasoning Requirement | Waive Seasoning

No seasoning required when you start with a Fix & Flip loan and refinance into a DSCR loan, or if you buy with cash and then refinance.

Lease Requirements

Leased Units: Lower of (i) in-place rent & (ii) market rent Unleased Units: 90% of market rent

Minimum Debt Service Coverage Ratio

1.05x

Portfolio Loan

Eligible

Rural Properties

Available for rural properties — just with reduced loan size, lower leverage, and credit/DSCR minimums

1.0

DSCR Ratio

75%

LTV

Max loan amount

$750,000

Max CLTV: 75%

(Purchase), 70% (Rate/Term Refi), 65% (Cash-Out Refi)

Minimum FICO

700

Minimum DSCR

1.0

* Non-owner-occupied loans ONLY. All products are intended for residential properties.

** The rates shown represent the lowest possible options. The actual rates and deals you receive may change based on various approval criteria, including your FICO score, past experience, duration of ownership, among others.

*** We do not currently lend in the following states: