Loan Programs / Rental
DSCR 10+ Unit
Financing for larger multifamily properties of ten or more units, qualified on property cash flow.
Financing for larger multifamily properties of ten or more units, qualified on property cash flow.
DSCR 10+ Unit loans finance larger multifamily rental properties of ten or more units on the property's own cash flow. They are built for investors moving up from small multifamily into larger apartment properties.
Financing is available for purchases, rate/term refinances and cash-out refinances, with loan amounts starting at $100K and no maximum limit. Terms are 30 years, with shorter terms available, and seller second liens are allowed up to 90% CLTV. This program is for long-term rentals.
DSCR stands for debt service coverage ratio: the property's rental income compared to its monthly payment. The loan is qualified on that ratio.
The minimum DSCR for 10+ unit properties is 1.0.
This program is for multifamily properties with 10 or more units. For 5 to 9 units, see DSCR 5-9 Unit.
Loan amounts start at $100K, and there is no maximum limit.
30-year terms, with shorter terms also available.
No. DSCR 10+ Unit loans are for long-term rentals only.
The minimum credit score is 600.
Up to 70% LTV on a cash-out refinance.
Yes. Seller second liens are allowed up to 90% CLTV.
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.