Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

DSCR .75% Jumbo Mortgage

Debt Service Coverage Ratio Loan Program Guidelines and Requirements

Experienced Real Estate Investors – 25 Financed Properties – OK

Most investor loan programs will max the borrower/investor at 10 financed properties. However, on this program, you, at minimum, must own their current primary residence.

Jumbo $10,000,000 Maximum Loan Amount

DSCR Debt Service Coverage Ratio Loan Program

DSCR% Ratio and Loan Amounts

* .75% to $3,000,000

* 1% to $5,000,000

* 1.25% to $7,500,000

* 1.5% to $10,000,000

Verification of Employment VOE: None – No Tax Returns or 4506-T Form Tax Transcripts

* Income and Employment

* Verification of Employment (VOE) Documentation: None Required

* Verification of Personal Income (VOPI) Documentation: None Required

* No DTI Calculated. All Rental Income Based

* No Tax Returns and No Form 4506-T or Form 4506-C for Tax Transcripts

Credit Score – 600

No DTI Calculated. All Rental Income Based

Cash-in-hand $1M for Business Purposes

Clean Credit Previous 24 Months

700 Credit Score:

* 80% LTV – $2,000,000

* 75% LTV – $2,500,000

660 Credit Score:

* 80% LTV – $1,500,000

* 75% LTV – $2,000,000

* 70% LTV – $2,500,000

620 Credit Score:

* 80% LTV – $1,250,000

* 70% LTV – $1,500,000

* 65% LTV – $2,000,000

600 Credit Score:

* 70% LTV – $1,250,000

* 60% LTV – $1,500,000

Cash Out Available

700 Credit Score:

* 80% LTV – $1,500,000

* 70% LTV – $2,000,000

660 Credit Score:

* 80% LTV – $1,250,000

* 75% LTV – $1,500,000

* 65% LTV – $2,000,000

620 Credit Score:

* 70% LTV – $1,250,000

* 60% LTV – $1,500,000

* 50% LTV – $2,000,000

Available Terms:

* Fixed 30

* ARM’s 5/1, 7/1, 10/1

* Interest-Only Payment Available (40 Year Fixed Rate – with Interest-Only Option with 700 Middle Credit Score)

Inherited Properties: OK. Includes Properties Obtained via Divorce/Separation or Dissolved Domestic Partnership. 6 Months Inheritance Seasoning Required for Cash Out “Using Market Value”

Delayed Financing: Not Allowed

Eligible Property Types & Occupancies: Primary Residence, Second Homes – SFR Only, Non-Owner-Occupied / Investment – SFR Only. Non-Warrantable Condos and Condotels OK

Eligible Borrowers: Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK

Power of Attorney: OK for Purchase and Rate and Term Refinance

Vesting: Corp and LLC OK

Gaps in Employment – Not Allowed Over 60 Days Without Official Employment Offer Letter

Non-Occupant Co-Borrower’s: OK

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Alt Doc Purchase Loans

Alt Doc Refinance Loans

Category - Non-QM Lenders