DSCR Rental
Maximum Leverage
Loan purpose
Max LTV
Purchase
85%
Rate & term refinance
85%
Cash-out refinance
85%
No-ratio (DSCR below 1.00)
70%
Loan Structure
Loan purpose
Max LTV
Terms
30-yr fixed · 5/6 & 7/6 ARM · 10-yr IO
Interest-only
Available on 30-year terms
Prepayment
5/4/3/2/1 · 3/2/1 · step-down — reducible or bought down
Escrow waiver
Available
Portfolio / blanket
3+ properties, $600K minimum
Rate & Pricing
Loan purpose
Max LTV
Rate range
5.99% – 8.99%
Rate drivers
FICO tier, LTV, DSCR, prepay term, IO vs. amortizing, points
FICO tiers
600 · 620 · 660 · 680 · 700 · 720+
Origination points
Tiered by loan size
Loan amounts
$100,000 – $4,000,000
How DSCR Is Calculated
Gross rental income divided by PITIA, including HOA dues and flood insurance
Taxes calculated at reassessed value, not the seller's current bill
Vacant at closing is permitted, qualified on market rent per Form 1007
Ratios below 1.00 are eligible with leverage capped at 65% LTV
Credit
Minimum FICO
600
Pricing tiers
600 / 620 / 660 / 680 / 700 / 720+
Mortgage lates
No more than 2
No-ratio option
680 minimum FICO
Rate & Pricing
Vesting
LLC or corporation; individual also permitted
First-time investors
Eligible
Foreign national / ITIN
Eligible
Reserves
3 months PITIA minimum on purchases
Eligible Properties
Gross rental income divided by PITIA, including HOA dues and flood insurance
Taxes calculated at reassessed value, not the seller's current bill
Vacant at closing is permitted, qualified on market rent per Form 1007
Ratios below 1.00 are eligible with leverage capped at 65% LTV
Ineligible Properties
Single-wide manufactured homes
Properties over 20 acres
Properties in commercial use
Valuation & Seasoning
Appraisal
Full 1004 + 1007
Seasoning
No-seasoning programs available;
6 months standard
Timeline
Submission to close*
As little as 10 days
Docs to close
24 – 48 hours
*Pending Borrower Readiness
Run the Numbers Before You Run the Deal.
Compare a sale or refinance exit while keeping each strategy’s assumptions intact.
