Skip to content
logo
Search
Close this search box.
(800)865-9011

Civic Financial Services

Long Term Rental Loan
DSCR (Portfolios OK) - LG542

Civic Financial Services

Summary of all Guidelines

Loan Types DSCR Loan
Property Types 2-4 Units, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $75,000
Loan amount Maximum $2,000,000
Interest Rate Minimum 6.25%
Points Maximum 1st TD 2
Terms 30 year, 5 / 6 month ARM, 7 / 6 month ARM, 10 / 6 month ARM
Credit Score Min 660
Interest Only or Amortized Amortized
Fees Underwriting
Entities Corp - Corporation, LLC - Limited Liability Corporation, Foreign National
Cross Collateralize Blanket Yes
Lien Position 1st
Max Points Charge by Broker 2
Prepayment Penalty 5,4,3,2,1, 1 year, 2 years, 3+ years
Intended Occupancy Tenant, Vacant
Fixed or Adjustable Fixed
Recourse Recourse and Non Recourse available
Program Code LG542
These descriptions are limited information and meant for general reference purposes.