Exploring Short Term Rental Properties

Apr 19, 2024

We offer a mortgage program that enables our borrowers to rent out their property through platforms like Airbnb or VRBO. Our DSCR mortgage program is tailor-made for this particular purpose.

Market Rent

The way we calculate income for the property is to use the rental income given by the appraiser in the appraisal report, or we can accept a lease agreement.

Property Type

1-4 Unit, Single Family Residence, Non-Owner Occupied Condo.

Loan Qualification

The market rent should be a minimum of 75% of the proposed PITI.

DSCR Program details

  • Up to 80% LTV
  • Cash-out refinances allowed
  • Loan amounts up to $3M
  • Acceptance of 30-day lates
  • Competitive pricing compared to Non-Agency full doc and alternate doc for NOO
  • Minimum of 3 months reserves required
  • No limit on the number of financed properties
  • Ability to close in an LLC
  • Option for interest-only payments

Contact us for a free consultation with one of our experienced DSCR loan consultants.

Have Questions or Need Help?

Call us now at 800-839-6510

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