Long Term Rental Loan
DSCR Rental Loan - LG129
DSCR Rental Loan - LG129
Summary of all Guidelines | |
| Loan Types | DSCR Loan |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 7% |
| Terms | 30 year |
| Credit Score Min | 680 |
| Interest Only or Amortized | Interest Only |
| Entities | Corp - Corporation, LLC - Limited Liability Corporation, LP - Limited Partnership |
| Lien Position | 1st |
| General Pricing or Guideline info | DSCR Rental Loans* Max LTV of 80% for Purchases and Rate and Term Refinances $100K – $2M Loan Amounts 1-4 Single-Family Homes, Condos, Townhomes 680+ Credit Score 1.0x Minimum DSCR Qualify Using Interest-Only Payments Short-Term Rentals Allowed Individual Rental Properties 30-Year Fixed Rate, ARMs, and Interest-Only LLC’s, Corporations, and LP’s Only |
| Updated as of | 2023-11-13 |
| Program Code | LG129 |
DSCR Rental Loanss*
Max LTV of 80% for Purchases and Rate and Term Refinances
$100K – $2M Loans Amounts
1-4 Single-Family Homes, Condos, Townhomes
680+ Credit Score
1.0x Minimum DSCR
Qualify Using Interest-Only Payments
Short-Term Rentals Allowed
Individual Rental Properties
30-Year Fixed Rate, ARMs, and Interest-Only
LLC’s, Corporations, and LP’s Only
