DSCR Mortgage Loans forReal Estate Investors |
Get a mortgage using the rental income of the property you are buying or the property you own. Let us help you with your mortgage journey. No W2? No Tax Returns? We have you covered using only rental income
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The minimum credit score is 620.
DSCR Loans are for Investment properties (Rental Properties).
Down payment requirements for bank statement loans start at 10% down (90 LTV) for a Primary Residence, SFR (Single-Family Residence), and 700+ Fico Score. Non-owner-occupied Investment properties start at 20% down.
DSCR Cash-out refinance – 75 LTV (Adjustments for lower FICO scores and property types have adjustments).
No Ratio Cash-out refinance – 70 LTV. (Adjustments for lower FICO scores and property types have adjustments).
Property Types
- SFR (Single Family properties)
- Multi-Family Properties – 2-9 unit properties
- Condo’s
- Non-Conforming Condo’s
- Condo Hotels
- High Rise Condo’s
Investment property non-QM loans have pre-payment penalties. They range from 1 to 3 years and can go out for 5 years. The longer the period for the pre-payment penalty, the lower the rate. The pre-payment penalty can be bought out, and there is a lower rate by paying points at closing.
To get the best pricing, a 1 or a 2 year pre-payment penalty offers the best terms for DSCR Loans.
Certain states do not have pre-payment penalties based on state laws.
Pricing is based on the following:
1) FICO score
2) Purchase, refinance, or cash-out refinance
3) Primary Residence, 2nd home, or investment property
4) Type of property: SFR, Condo, townhome, multi-family property
5) Location (Zip Code): built-up area or Rural area.
Interest Rates for non-QM loans are higher than conventional loans.
Call to get a custom quote for a Non-QM loan.
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We offer Non-QM Mortgage Loans, including the following types of Non-QM Loans:
If you are a business owner and your CPA writes off too much of your income for your taxes but you make plenty of income through your business, we have loan options that are non-conventional loan products. Income is proved through deposits of your bank statements, whether it is your personal or business bank statements, we can help you with a bank statement loan. |
