Qualify on the property's rent, not your tax returns. Purchase, rate & term or cash-out refinance on single-family, condo, townhome and 2–4 unit rentals. Tell us about your property and we'll price it with our DSCR lenders.
Start with your transaction type. Your loan amount calculates as you choose an LTV, and refinances show your estimated cash out.
Up to 80% LTV; up to 85% with 12 months of bank statements, or a trailing-12 P&L plus bank statements.
Up to 80% LTV with a 700+ credit score; up to 75% below 700.
Actual rent if leased, market rent if vacant, compared with the payment, taxes, insurance and HOA.
Single-family, townhome, condo, duplex, triplex and fourplex rentals.
LLC, corporation, partnership or trust, with personal guarantees from owners.
We shop your request with multiple DSCR lenders and send the best options.
A debt service coverage ratio (DSCR) loan qualifies you on the property's rent instead of your personal income. Lenders compare the monthly rent with the monthly payment, taxes, insurance and HOA.
Purchase and rate & term refinances go up to 80% LTV, or 85% with 12 months of bank statements (or a trailing-12 P&L plus bank statements). Cash-out refinances go up to 80% LTV with a 700+ credit score, otherwise up to 75%.
No personal income documents are needed. The loan qualifies on the property's rent. For 85% LTV, lenders ask for 12 months of bank statements or a trailing-12 P&L plus bank statements.
Use the market rent. The appraiser confirms it with a rent survey.
Single-family homes, townhomes, condos and 2–4 unit properties held as rentals, typically in an LLC or other entity.
Rates depend on credit, LTV, DSCR, loan size, property type and prepayment option. We price your request with several DSCR lenders and send you the best options.
Business-purpose investment property loans only. Not a commitment to lend; terms depend on credit, property, rent, appraisal and lender approval.
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