DSCR 30 Year Mortgage – Loan Criteria

DSCR 30 Year Mortgage

NO Income Docs Required. Designed to assist real estate investors in financing.

Loan Purpose

  • Purchase
  • Rate/Term Refinance
  • Cash-Out Refinance

Loan Term

  • 30 Year Fixed Rate
  • 5/6 ARM
  • 3/6 ARM
  • 3 Months Reserve required – PITIA

Loan Amount

  • Up to $2 Million

Loan to Value (LTV)

  • Up to 80%

Minimum Credit Score

  • 660

Minimum DSCR

  • None

Property Type

  • Non-Owner Occupied

Eligible Property Types

  • Single Family Residence (SFR)
  • 2 to 4 Unit Properties
  • PUDs
  • Condos
  • Townhouses

Eligible Borrowers

  • U.S. Citizens / Permanent Resident Aliens
  • Non-Permanent Resident Aliens
  • LLCs

Key Features & Detail

  • Designed for investment properties.
  • Purchase-money or refinancing.
  • Streamlined application with fast turnaround times.
  • Adjustable and fixed-rate loans.
  • Simplified, no-income verification process.
  • Guaranteed 30-day closing, or $3,500 back.
  • Rates are floating until locked.
  • Default lock period: 45 days (extension available at 7.5 bps per 5 days).
  • 0.5 points for a 0.125 rate reduction.
  • Flexible terms for property investors who prioritize speed and flexibility.