Long Term Rental Loan
DSCR 1-4 Unit Investor Loans
Program #LG16
DSCR 1-4 Unit Investor Loans
Program #LG16
Summary of all Guidelines | |
| Loan Types | DSCR Loan |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $2,000,000 |
| Points Maximum 1st TD | 3 |
| Terms | 30 year |
| Credit Score Min | 620 |
| Entities | No Foreign Nationals |
| Prepayment Penalty | 5,4,3,2,1, 5,5,5,5,5, 3,2,1 |
| Documents needed | Application, Credit Report, Lease Agreements, Purchase Contract |
| Reserve Requirement | 6 months |
| General Pricing or Guideline info | Eligibility: Borrower: US Citizen, US Permanent Resident Alien, Foreign National Closing entity: Individual or business Eligible property types: 1-4-unit attached/detached, short-term rental, warrantable and non-warrantable condos, PUDs No rural properties No rehab or deferred maintenance Long-term financing only (no short term/bridge) Eligible states: All except ID, HI, MI, MT, ND, NV, SD, VT, WV, WY Population Requirements: Top 300 MSAs |
| Updated as of | 2023-04-21 |
Eligibility:
Borrower: US Citizen, US Permanent
Resident Alien, Foreign National
Closing entity: Individual or business
Eligible property types: 1-4-unit
attached/detached, short-term rental,
warrantable and non-warrantable
condos, PUDs
No rural properties
No rehab or deferred maintenance
Long-term financing only (no short
term/bridge)
Eligible states: All except ID, HI, MI, MT, ND,
NV, SD, VT, WV, WY
Population Requirements: Top 300 MSAs
- Millie Corripio
AVP - Sales Director
