Details

Solutions for real estate investors
  • Qualification based on subject property's debt service coverage ratio (DSCR) only
  • LTVs up to 80 on purchases and 75 on cash-out refinances
  • DSCRs down to .75
  • FICO down to 620
  • Investment Properties
  • Loan Amounts up to $3MM
  • Two years out of a credit allowed
  • 1x30x12 allowed
  • 1-4 unit properties, warrantable condos, PUDs, certain mixed use properties, and non-warrantable condos/condotels allowed
  • No limit on cash out
  • Vesting in an entity (LLC, partnership, corporation) allowed
  • Flexible calculation methods for DSCR
  • Short term rentals allowed with minimum 1.0 DSCR
  • 12 month rental management experience requirement may be waived with certain comp factors
  • AirDNA may be utilized to calculate short term rental income on purchase transactions
  • Temporary buydowns allowed up to 70 LTV
Download Product MatrixPartner with usRapidRate