Short-Term Rentals: Min DSCR Down to 1.20x

Aug 8, 2023

Working to find the right financing solution for a short-term rental deal? With our plan to discuss our suite of short-term DSCR financing 1-4-unit investment loan solutions offered DSCR Program, borrowers can secure funding with a minimum Debt Service Coverage Ratio (DSCR) of 1.20x. This is a significant improvement over our core DSCR product and a benefit few traditional lenders are capable of offering investors. Combined with a lower minimum loan amount and reduced closing fees, our program is a smart option for your short-term rental scenarios. Here’s what you need to know:

Program benefits:

  • No tax returns required
  • No geographic LTV caps
  • No lender points charged

Basic Guidelines:

  • Loan Size: $75,000 – $1.5 million
  • Loan Terms: 30-year fixed / 10-year IO
  • Loan Purpose: Purchase, R/T refi, cash-out
  • Max LTV: Purchase – 80% / R/T ref – 75% / cash-out – 70%
  • Min FICO: 680
  • Prepay Options: 5 years declining / 3 years declining
  • Reserves: 12 months

Contact us to discuss our suite of short-term DSCR financing 1-4-unit investment loan solutions.

Have Questions or Need Help?

Call us now at 800-839-6510

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