DSCR Loan Program Features
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Loan Terms:
- 40-Year Fixed and 40-Year Full Amortization
- Interest-Only Options: 5/6 & 7/6 ARMs
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Eligibility & Requirements:
- No Disclosures or Required Wait Periods
- 80% Maximum Loan-to-Value (LTV)
- Minimum 620 FICO Score
- Gift Funds Allowed
- Short-Term Rental Income Allowed
- Loan Amounts up to $2.5M
- Minimum DSCR (Debt Service Coverage Ratio) of 0.75
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Additional Benefits:
- First-Time Investors and Homebuyers Welcome
- State Licensing Not Required (Check with AE for Details)
- Cash-Out Can Be Used as Reserves (Up to $1.5M Cash-Out Available)
- CEMA (Consolidation, Extension, and Modification Agreement) Allowed
- Cash-Out Based on New Appraised Value Allowed After 6 Months
