Long Term Rental Loan
DSCR Loan
Program #LG158
DSCR Loan
Program #LG158
Summary of all Guidelines | |
| Loan Types | DSCR Loan |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Minnesota, Montana, Nevada, New Jersey, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $1,500,000 |
| Interest Rate Minimum | 6.75% |
| Terms | 5/1 ARM, 7/1 ARM, 30 year |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Fees | Application |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st |
| Prepayment Penalty | 3+ years |
| General Pricing or Guideline info | We do not need the property to be occupied, but we will limit the maximum ltv to 70%. We would need the tenant to be in the property prior to the application being started, and the dscr to be above 1.1 to lend the full 75%. |
| Updated as of | 2023-05-05 |
We do not need the property to be occupied, but we will limit the maximum ltv to 70%.
We would need the tenant to be in the property prior to the application being started, and the dscr to be above 1.1 to lend the full 75%.
These descriptions are limited information and meant for general reference purposes.- Noah Howland
