Loan Programs / Rental
DSCR 1-4 Unit
Rental financing qualified on property cash flow — no personal income verification required.
Rental financing qualified on property cash flow — no personal income verification required.
DSCR 1-4 Unit loans qualify the property on its own cash flow — the rent compared to the monthly payment — instead of your personal income. There are no personal income documents to chase.
Financing is available for purchases, rate/term refinances and cash-out refinances on one-to-four-unit rental properties, including short-term, long-term and vacant rentals, with 30-year terms in ARM and interest-only options.
DSCR stands for debt service coverage ratio: the property's rental income compared to its monthly payment. The loan is qualified on that ratio instead of your personal income.
Our minimum DSCR is as low as 0.75.
No. DSCR 1-4 Unit loans are qualified on the property's cash flow, with no personal income verification required.
Yes. Short-term rentals, long-term rentals and vacant properties are all allowed.
The minimum credit score is 660, with exceptions down to 600 FICO.
Up to 75% on day 1, and up to 80% after 6+ months.
Typically 21 – 30 days from start to finish, once all items have been received.
A brief 15-minute call with a loan officer to walk through your scenario and goals. Get a quote now, or click Contact Us to call, email or schedule a call.
You receive a Good Faith Estimate and term sheet with multiple options.
Submit your file, clear underwriting, and close on a timeline built around your deal.
Get a Good Faith Estimate with multiple options for your review.
* Closing time frames begin once all items have been received. Loan amounts and LTVs may vary based on credit score, track record, and other underwriting conditions. All loan terms are subject to final underwriting review and are not final until a clear-to-close has been issued.
A quick application — we’ll follow up with your quote.