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.
