Long Term Rental Loan
DSCR Rental Loan
Program #LG129
DSCR Rental Loan
Program #LG129
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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 |
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