Loan Programs / Rental
DSCR 5-9 Unit
Cash-flow financing for multifamily rental properties outside standard DSCR limits — no personal income verification required.
Cash-flow financing for multifamily rental properties outside standard DSCR limits — no personal income verification required.
DSCR 5-9 Unit loans finance small multifamily rental properties on the property's own cash flow, with no personal income verification required. They fill the gap between a standard 1-4 unit DSCR loan and a full commercial multifamily loan.
Financing is available for purchases, rate/term refinances and cash-out refinances, with loan amounts from $100K to $3.5M and 30-year terms in ARM and interest-only options. 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 5-9 unit properties is 1.0.
No. DSCR 5-9 Unit loans are qualified on the property's cash flow, with no personal income verification required.
This program is for multifamily properties with 5 to 9 units. For 1-4 units, see DSCR 1-4 Unit. For 10 or more, see DSCR 10+ Unit.
Loan amounts run from $100K to $3.5M.
No. DSCR 5-9 Unit loans are for long-term rentals only.
The minimum credit score is 600.
Up to 70% LTV on a cash-out refinance.
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.