DSCR Purchase Loans

Benefits of a DSCR Purchase Loan

• Credit Score

  FICO down to 660

• LTV on Purchases

  Up to 80% LTV on purchase, rate/term refinances, and cash-out up to 75%

• Cash-Out

  Cash-out up to $500,000 and proceeds can be used for reserve requirements.

• Foreign Nationals LTV

  LTV up to 70% for foreign nationals on purchase and rate-term refinances and 60% on cash-out transactions.

• Investors LTV

  First-time investors allowed up to 75% LTV.

• Seller Concessions

  Up to 2% seller concessions allowed towards closing.

• Gift Funds

  Gift funds can be used for down payment, closing costs, and reserves after the borrower has documented the minimum required borrower contribution.

• Foreign Nationals PITI

  Foreign nationals reserves 6 months PITI.