Max Loan Amount $5M
- No Income Documentation: No W-2s, paystubs, or tax returns are required.
- Eligible Transactions: Purchases and refinances.
- Credit Requirements: Minimum 620 FICO score
- Credit History: No major adverse credit events (e.g., short sale, foreclosure, bankruptcy) in the last 3 years.
- Large Deposits: Do not need to be sourced.
- Loan-to-Value (LTV): Up to 85% LTV for purchases (based on credit score, loan amount, and DSCR ratio)
- DSCR Requirements:
- Down to 0 for experienced investors.
- Greater than or equal to 1.0 for others.
- First-Time Investors: Permitted.
- Property Types: Investment properties only (non-owner-occupied).
- Borrowing Entity: Close in individual name, LLC, or corporation.
- Loan Terms: 30-year fixed or adjustable-rate mortgages (ARMs).
- Eligible Properties: 1–4 unit properties, warrantable and non-warrantable condos (max LTV varies by property type).
- DSCR Financing for 5+ Units: Available under a separate program (contact us for details).
