LOW DSCR RENTAL LOAN PROGRAM!
Loan Terms: 30-year Am w/ 3, 5 & 7-year-fixed options. Full 15 & 30-year Am options too.
Loan Size: $75K-2M.
Property Value: $100k +
Max LTV: 80%. Most LTV’s are 75%.
DSCR: Can go below 1.00! Typically 1.3
Interest Rate: 5.5%-8.5%
Property Types: 1-4 unit investment properties.
Seasoning: Many different scenarios, so please inquire.
PPP: Borrower can choose from 0-60 months!
Use of Funds: Refinance, Cash-Out Refinance
Closing Time Frame: 30-45 days
Reserve Requirement: 2 months of PITI.
Appraisal Cost: $450-$750 per property
Lender Points: No Lender Points! Lender has a $1,450 underwriting fee.