Qualify Investors by the Property — Not Their Tax Returns
The DSCR program is designed for real estate investors who want a simpler, faster way to qualify. Instead of traditional income documentation, eligibility is based on the property’s Debt Service Coverage Ratio (DSCR) — allowing investors to leverage cash-flowing properties with confidence.
Program Highlights
Property Type
- Investment properties only
- Warrantable condos eligible
- Rural properties allowed (up to 10 acres, residential use)
Loan Amounts
- Purchase & Rate/Term: up to $3,000,000
- Cash-Out Refinance: up to $2,500,000
Credit & Leverage
- Minimum FICO: 660
- Maximum LTV: up to 80% (based on credit score and transaction type)
- Minimum DSCR: 1.00
Reserves
- 6 months required
Appraisal & Rental Requirements
- Vacant properties are not eligible
- Completed 1007 Rent Schedule required
- Rents must be verified
- Purchases: 1 appraisal (any loan amount)
- Refinance transactions over $2M: 2 appraisals required
- Transferred appraisals are not eligible
Additional Guidelines
- Short-Term Rentals (STR): Eligible on refinances only
- Interested Party Contributions: Max 2%
- 12-month housing payment history required on subject and other financed properties
- Prepayment penalties may apply (investment properties only, per state limits)
