Long Term Rental Loan
DSCR
Program #LG749
DSCR
Program #LG749
Summary of all Guidelines | |
| Loan Types | DSCR Loan |
| Property Types | 2-4 Units, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 5% |
| Terms | 1 year, 18 month |
| Credit Score Min | 650 |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
FICO SCORES
PURCHASE
MAXIMUM LOAN-TO-VALUE (LTV)
MAXIMUM LOAN-TO-COST (LTC)
740+
Up to 80% of the As-Is Value
Up to 80% Loans-to-Cost
720 - 739
Up to 80% of the As-Is Value
Up to 80% Loans-to-Cost
700 - 719
Up to 80% of the As-Is Value
Up to 80% Loans-to-Cost
680 - 699
Up to 75% of the As-Is Value
Up to 75% Loans-to-Cost
REFINANCE
MAXIMUM LOAN-TO-VALUE (LTV)
740+
Up to 80% of the As-Is Value
720 - 739
Up to 80% of the As-Is Value
700 - 719
Up to 80% of the As-Is Value
680 - 699
Up to 75% of the As-Is Value
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CASH OUT
MAXIMUM LOAN-TO-VALUE (LTV)
740+
Up to 75% of the As-Is Value
720 - 739
Up to 75% of the As-Is Value
700 - 719
Up to 75% of the As-Is Value
680 - 699
Up to 70% of the As-Is Value
- Jonathan Gras
