{"id":268,"date":"2025-03-06T06:36:09","date_gmt":"2025-03-06T06:36:09","guid":{"rendered":"https:\/\/nysck.com\/DSCRMortgages.com\/?p=268"},"modified":"2025-03-06T11:18:45","modified_gmt":"2025-03-06T11:18:45","slug":"new-dscr-seasoning-and-cash-out-improvements","status":"publish","type":"post","link":"https:\/\/nysck.com\/DSCRMortgages.com\/new-dscr-seasoning-and-cash-out-improvements\/","title":{"rendered":"New DSCR Seasoning and Cash-Out Improvements!"},"content":{"rendered":"<h3>Our program now includes the following key guideline upgrades.<\/h3>\n<p>1. Improved refinance seasoning guidelines \u2013 ownership period reduced to 3 months. Before this, most lenders required a 6- or 12-month owner to be on title to finance the property. Well, now that\u2019s changed too.<\/p>\n<p>2. Removed cap on cash-out amount. That cash-out cap was removed before the cap was at $1MM. It is now unlimited cash on hand.<\/p>\n<h3>General DSCR Program Guidelines<\/h3>\n<ul>\n<li> Loan Size: $100,000 to $5 million<\/li>\n<li> Purpose: Purchase, Cash-Out, R\/T Refinance<\/li>\n<li> Portfolio loans available<\/li>\n<li> Loan Term: 30-Year Fixed \/ 30-Year Amortization<\/li>\n<li> Max LTV: Purchase \u2013 80% \/ Cash-Out \u2013 75%<\/li>\n<li> Min FICO: Single Family Rental \u2013 660 \/ 2-4 Family \u2013 680 <\/li>\n<li> No tax returns required<\/li>\n<li> No lender points charged<\/li>\n<li> Eligible Properties: Single Family Rental, 2-4 Family, Warrantable and Non-Warrantable Condo, PUD<\/li>\n<\/ul>\n<p>As a leader in the DSCR mortgage market, we are well-equipped with the right mortgage options for our real estate investors. No matter the credit score or the loan to value or even if it\u2019s a short-term rental, we have the DSCR mortgage program. Gives us a try.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our program now includes the following key guideline upgrades. 1. Improved refinance seasoning guidelines \u2013 ownership period reduced to 3 months. Before this, most lenders required a 6- or 12-month owner to be on title to finance the property. Well, now that\u2019s changed too. 2. Removed cap on cash-out amount. That cash-out cap was removed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/posts\/268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/comments?post=268"}],"version-history":[{"count":7,"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/posts\/268\/revisions"}],"predecessor-version":[{"id":887,"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/posts\/268\/revisions\/887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/media\/888"}],"wp:attachment":[{"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/media?parent=268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/categories?post=268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nysck.com\/DSCRMortgages.com\/wp-json\/wp\/v2\/tags?post=268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}