Long Term Rental Loan
DSCR Rental Property Loans - LG329
DSCR Rental Property Loans - LG329
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 | $5,000,000 |
| Terms | 30 year |
| Credit Score Min | 680 |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Entities | LLC - Limited Liability Corporation |
| Lien Position | 1st |
| Intended Occupancy | Tenant |
| Recourse | Recourse |
| General Pricing or Guideline info | All the details Loan Amount – $100,000+ LTV – Up to 80% on Purchase, Up to 80% on R/T, Up to 70% Refinance DSCR – 1.2+ Loan Term – 30yr FRM or 30yr FRM with I/O option FICO – 680+ Purpose of Loan – Purchase, Refinance, Cashout Collateral – SFR, Townhomes, Condos, 2-4 Units Geography – Nationwide Borrower – Single Purpose Entity Recourse – Full PG Amortization – Interest Only or Full Amortization |
| Updated as of | 2023-11-14 |
| Program Code | LG329 |
All the details
Loans Amount – $100,000+
LTV – Up to 80% on Purchase, Up to 80% on R/T, Up to 70% Refinance
DSCR – 1.2+
Loans Term – 30yr FRM or 30yr FRM with I/O option
FICO – 680+
Purpose of Loans – Purchase, Refinance, Cashout
Collateral – SFR, Townhomes, Condos, 2-4 Units
Geography – Nationwide
Borrower – Single Purpose Entity
Recourse – Full PG
Amortization – Interest Only or Full Amortization
These descriptions are limited information and meant for general reference purposes.