Long Term Rental Loan
DSCR (Portfolios OK)
Program #LG542
DSCR (Portfolios OK)
Program #LG542
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 |
| Updated as of | 2024-08-01 |
These descriptions are limited information and meant for general reference purposes.
- Jay Song
Vice President / Account Executive
