- LOAN PORTAL
Rates starting at 5.39%*. Minimum credit score as low as 620 (scenario-dependent). Up to 85% purchase LTV in qualifying channels; specialty-property limits are lower and program-specific. Levine Capital is the go-to Morby Method and Stack Method lender for rental portfolios, non-warrantable condos, rural homes, and manufactured housing.
Traditional banks and cookie-cutter DSCR lenders break down the moment a transaction involves a non-warrantable condo project, creative finance, subordinate seller carry, rural land, or a manufactured home. We are backed by multiple institutional capital providers with correspondent and wholesale channels, which means we do not force every deal into the same rigid box.
Levine Capital is an AI tech-enabled lender pairing streamlined scenario intake with tailored underwriting support for VIP investors. Whether you are acquiring a single-family rental, building a portfolio, or evaluating a Stack Method acquisition, our team reviews the property, cash flow, and complete capital stack.
Where other lenders see exceptions, we see a deal that needs the right structure. Our team evaluates qualifying non-warrantable condos alongside rural acreage, manufactured housing, and creative capital stacks instead of relying on a single agency checklist.
Submit your scenario through Quick Quote in under five minutes. Our team reviews the numbers and structure before you get on a call.
Broader lending-channel options are summarized below. They are not the limits for every property or program. For the select residential DSCR option, use the specialty-property matrix and overlays; the most restrictive applicable rule controls.
Submit the project, property, and capital-stack details through Quick Quote. We evaluate qualifying non-warrantable condo, rural, and manufactured-home scenarios through the appropriate lending channel.
Standard lending guidelines can stop at the project, property, or capital structure. Levine Capital evaluates the complete investment scenario and routes it to an appropriate channel.
We evaluate qualifying non-warrantable condominiums for DSCR rental and Fix & Flip scenarios. Review includes the project, insurance, budget and reserves, litigation, occupancy, property condition, cash flow, and exit strategy. All terms remain subject to underwriting and capital-provider approval.
Available for rural properties. While rural deals carry specific capital-channel overlays depending on acreage and location, our team knows how to structure them to close.
Manufactured housing can be financed through our specialized wholesale and correspondent channels. We understand the titling and valuation nuances that make other lenders walk away.
No seasoning required on a cash-out refinance when you provide before-and-after photos and proof of payment (paid invoices, lien waivers, or receipts). Also zero seasoning when refinancing out of a fix & flip loan or all-cash purchase.
The Stack Method & Morby Method Advantage: Adam Levine is a member of Pace Morby’s Owners Club, SubTo, and Gator communities, and Levine Capital specializes in evaluating layered creative-finance structures. We allow seller-held second-position financing in eligible DSCR and Fix & Flip structures when the senior lender permits it and the full capital stack passes underwriting, title, leverage, and repayment review.
Property-specific underwriting guidelines
These October 12, 2026 guidelines describe a select residential DSCR program, not every Levine Capital lending channel. The matrix shows maximum first-loan LTV before market adjustments. It is not a combined-LTV limit or a commitment to lend.
Qualifying residential DSCR scenarios may be reviewed with a credit score as low as 620, depending on the selected program. Rural / unique properties require at least 700 FICO; short-term rentals require at least 640 FICO. Meet every applicable requirement. No additional manufactured-home-specific credit minimum is supplied by this matrix; the selected program still controls.
| Property type | Purchase | Rate & term refinance | Cash-out refinance | Additional requirements |
|---|---|---|---|---|
| Non-Warrantable Condo | 80% | 75% | 75% | Minimum DSCR: 1.00x. Florida: subtract 5 percentage points for every loan purpose, giving 75% purchase / 70% rate & term / 70% cash-out before any declining-market adjustment. |
| Manufactured Home | 65% | 60% | 60% | Property, title, valuation, and all other applicable program requirements remain subject to underwriting review. |
| Rural / Unique Property | 80% | 75% | 70% | Minimum FICO: 700. Minimum DSCR: 1.00x. Further LTV reductions may apply for excessive marketing time or functional inadequacies. |
For all three property types above, a declining market reduces maximum LTV by 5 percentage points. Florida non-warrantable condos have a separate 5-percentage-point reduction. Both reductions apply when both conditions apply. For example, 80% minus 5 percentage points is 75%—not a 5% reduction in loan dollars.
Florida condo example: a non-warrantable condo in a declining market is capped at 70% purchase / 65% rate & term / 65% cash-out, before any further underwriting reductions.
Start with the lowest applicable base LTV for the requested loan purpose across all property labels, loan-size limits, and rental-use overlays. Then subtract the Florida non-warrantable-condo and declining-market reductions where applicable. Meet all credit, DSCR, reserve, property, and title requirements; do not choose whichever label offers more leverage.
Overlapping-property example: a rural non-warrantable condo in Florida and a declining market is capped at 70% purchase / 65% rate & term / 60% cash-out, with at least 700 FICO and 1.00x DSCR. A manufactured-home short-term rental retains the lower 65% / 60% / 60% base caps and the STR 640 minimum, before market reductions or higher applicable requirements.
The following limits describe this DSCR program option, not every Levine Capital lending channel. The most restrictive applicable rule controls the scenario.
30-year fixed; 5/1 ARM; 7/1 ARM; five-year interest-only / 30-year fixed; and ten-year interest-only / 40-year fixed. ARM options use the one-year CMT index with 2/2/6 adjustment caps. Product availability and final terms require scenario review.
Levine Capital can evaluate DSCR financing with second liens, including seller-held second-position financing, in eligible Morby Method and Stack Method structures. This can be a useful option for investors exploring a layered capital stack rather than a conventional down-payment structure.
The first-position lender must permit the subordinate lien, and all liens and payment terms must be fully disclosed. Review includes the senior loan, seller-note amount, interest, payments, maturity, lien priority, combined leverage, total debt service, cash flow, repayment, and title. Second liens are not automatically approved or available in every program.
First-loan LTV is not combined LTV. The specialty matrix does not supply a universal combined-LTV cap. No hidden or undisclosed second liens: lender consent and complete documentation are required. Our team reviews legal, title, and complex-stack questions before proposing terms.
Send the property type, location, loan purpose, requested loan amount, credit profile, rent, PITIA, occupancy, reserves, and any subordinate financing terms for a case-by-case review. PITIA means principal, interest, taxes, insurance, and association dues.
Guidelines supplied October 12, 2026. Eligibility, leverage, reserves, loan size, and terms depend on the selected program, full underwriting, valuation, documentation, availability, and mutually acceptable terms. Additional reductions or restrictions may apply. This is not a commitment to lend.
This summary covers broader channel options. It does not replace the select-program matrix above or combine the highest limits from different programs. Residential specialty caps do not set construction or commercial loan leverage.
| Program Element | Standard DSCR Rental | Specialty Property / Structure Overlay |
|---|---|---|
| Minimum Credit Score | As low as 620 (scenario-dependent) | Rural / unique: minimum 700; STR: minimum 640; all higher applicable program requirements control. |
| Maximum Leverage | Up to 85% Purchase / 80% Cash-Out | Evaluated by property type and channel guidelines |
| Loan Amount Range | $75,000 to $2,000,000 | Select program: $100,000 to $3,000,000; interest-only minimum $250,000, subject to underwriting. |
| Seasoning Requirement | Waived with before/after photos & proof of payment | Waived with qualifying project documentation |
| Lease Requirements | Lower of in-place rent or market rent (unleased = 90% market) | Standard rental income verification |
| Creative Finance / Seller Carry | Eligible Morby / Stack structures may be reviewed; not automatic approval. | Senior-lender permission, full lien disclosure, title, combined leverage, and total repayment review required. |
| Non-Warrantable Condos | Available for qualifying DSCR scenarios | Project, insurance, litigation, occupancy, cash flow, and exit strategy reviewed individually |
Every deal has its own story. We evaluate the property, the rents, and the capital stack to tailor the loan to your exact scenario.
A Debt Service Coverage Ratio (DSCR) loan evaluates property cash flow rather than personal W-2 income or tax returns. DSCR compares qualifying rental income with the required debt service. Meeting a coverage minimum is only one requirement; credit, leverage, reserves, property, documentation, and the selected program must also qualify.
Qualifying residential DSCR scenarios may be reviewed with FICO as low as 620, depending on the program. For the select option above, rural / unique properties require 700 and short-term rentals require 640. When multiple requirements apply, meet the highest applicable minimum. Credit alone does not establish approval.
Qualifying scenarios may be considered. In the select program, rural / unique maximum LTV is 80% purchase / 75% rate & term / 70% cash-out, with minimum 700 FICO and 1.00x DSCR. Manufactured-home base caps are 65% / 60% / 60%. Apply market reductions and all other program, title, and valuation requirements.
Yes, qualifying non-warrantable condos may be considered for DSCR rental or Fix & Flip financing. We review the condominium project and the individual deal, including insurance, budget and reserves, litigation, occupancy, property condition, cash flow, and exit strategy. Approval and terms depend on full underwriting and the selected capital provider.
We require zero seasoning on a cash-out refinance if you provide before-and-after photos and proof of payment (paid invoices, lien waivers, or receipts). There is also no seasoning required when transitioning out of a Levine Capital fix-and-flip loan or an all-cash purchase into a long-term DSCR loan.
As a credit-verified partner to creative finance investors and a member of Pace Morby’s Owners Club, Levine Capital evaluates DSCR takeout loans with seller financing, subject-to acquisitions, and multi-layered capital stacks. Seller-held second-position financing is allowed in eligible structures when the first-position lender permits it and the transaction meets underwriting, title, leverage, and repayment requirements.
Submit your loan scenario through our Quick Quote in less than five minutes. Our team reviews your numbers and structuring before scheduling a call to lock in terms.
Stop letting rigid bank guidelines stall your portfolio growth. Whether you are financing a non-warrantable condo, scaling single-family rentals, or structuring a Stack Method deal with a seller-held second position, Levine Capital can evaluate the complete scenario.
* Non-owner-occupied loans only. Rates starting at 5.39% represent the lowest possible options and vary based on approval criteria including FICO, experience, and leverage. Minimum credit score as low as 620 (scenario-dependent). Earnest money deposit funding available deal by deal. Gap funding requires Levine Capital in first position. Nothing on this page is a commitment to lend.
