Wholesale & Correspondent · NMLS #344236
AE Desk: (800) 830-5626
DSCR rental loans that close on the cash flow.
Long-term investor financing qualified on rents ÷ PITIA — no tax returns, no DTI, business-purpose docs, LLC vesting. The natural take-out for every flip you fund.
$100K–$3.5M
Loan Amounts
1.00
Minimum DSCR
600+
Credit Scores
30 & 40 Yr
Terms + ARM & IO
DSCR Rental
The doc-light file your investors want
Qualifying income is the property’s: gross rents from the lease or the appraiser’s market-rent schedule, divided by full PITIA. No personal income documentation, no DTI, and no PMI on any structure. Pair it with Fix & Flip for a complete BRRRR offering.
Program Highlights
Purchase, rate-and-term, and cash-out
30-yr fixed · 40-yr fixed IO · 5/6, 7/6, 10/6 ARMs
Business-purpose doc set — note, loan agreement, personal guaranty
Short-term rental income eligible (12-mo deposits, mgmt statements, or market data)
Vacant OK: no LTV restriction on purchase; -5% on refinance
Foreign nationals eligible under a dedicated program
Parameters
DSCR at a glance
Parameter | Standard |
|---|---|
Loan amounts | $100K – $3.5M |
Minimum DSCR | 1.00 (1.50 below $150K) |
Minimum credit | 600 |
First-time investor | 680 FICO · max 75% LTV · no cash-out |
Gross rents | Lower of lease or 1007/1025 market rent |
Short-term rentals | Eligible · -5% LTV at DSCR ≥ 1.00 |
Property | 1–4 unit · no rural · max 2 acres |
Tenants | Non-borrower-affiliated, leased or lease-ready |
Maximum LTV/CLTV per the current AMP program matrix — request it with rate sheets from your AE. Experienced investor = 1+ year owning or managing investment property within the last 3 (one borrower on the file is enough).
The Calc
How the desk sizes it
Example: market rent $850, PITIA $650 → DSCR 1.30. When the lease beats market rent, lease rent can be used with two months’ proof of receipt, capped at 120% of the appraiser’s market rent.
Vacant unit (2–4 unit refi)
75% of market rent, max 1
Unleased on refinance
-5% LTV + LOE
Foreign National
FN on DSCR
Eligibility
Dedicated program
Reserves
12 mo PITIA (6 mo with -5% LTV)
Assets
US account 3 days before close
ACH from US bank
Required
Excluded citizenships
Russia, Belarus
Process
From flip exit to rental close
01
Size the DSCR
Address, rents, taxes, insurance — the desk returns ratio, structure, and pricing options.
02
Document rents
Lease + receipts, or the appraiser’s 1007/1025 market-rent schedule. STR files use 12-month history.
03
Light File
Credit, entity docs, reserves, and property — no tax returns or employment file to chase.
04
Close in the LLC
Business-purpose docs, no PMI, and a long-term hold your client refinances on their schedule.
FAQ