Long Term Rental Loan
DSCR Loan - LG158
DSCR Loan - 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 |
| Program Code | LG158 |
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.