Summary of published terms
- Loan types
- DSCR / rental
- Channel
- Direct to investors
- Min FICO (lowest stated)
- 640
- Max purchase LTV
- 85%
- Max cash-out LTV
- 80%
- Min DSCR
- 0.75x
- Loan size
- Not published
- Prepayment penalty
- Not published
- Short-term rentals
- —
- Foreign nationals
- Yes
- Coverage
- Processes DSCR loans in all states except AK, AZ, ID, MI, MN, NV, ND, OR, SD, UT, VT.
Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, Wyoming, Washington, D.C.
Note: States 'no hard maximum loan limit'; 85% LTV requires 740+ FICO.
Summary fields show the lender’s rental/DSCR program where it has one, otherwise its bridge program. Loan size spans all programs listed.
Program details
DSCR / rental program
- Min FICO
- 640
- Max LTV
- 85% SFR purchase / 80% R&T and cash-out
- Min DSCR
- 0.75x (≥1.00 for cash-out)
- Loan size
- No hard maximum