Long Term Rental Loan
DSCR
Program #LG752
DSCR
Program #LG752
Summary of all Guidelines | |
| Loan Types | DSCR Loan |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $85,000 |
| Loan amount Maximum | $3,000,000 |
| Interest Rate Minimum | 5.5% |
| Terms | 30 year |
| Typical Days Required to Fund | 20-30 Business days |
| Credit Score Min | 660 |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Fees | Processing Fee |
| Entities | Foreign National, LLC - Limited Liability Corporation, Partnership, Taking Title Personally not permitted, Corp - Corporation, LP - Limited Partnership |
| Cross Collateralize Blanket | No |
| Lien Position | 1st |
| Prepayment Penalty | 5,4,3,2,1, 5,5,5, 3,2,1, No Prepayment Penalty |
| Intended Occupancy | Tenant, Vacant |
| Recourse | Recourse and Non Recourse available |
| Reserve Requirement | 3 months |
These descriptions are limited information and meant for general reference purposes.
- Nicolai Lipscomb
Senior Loan Officer
