Investment Property Loans

Other than going the Full Doc route, which involves using your Tax Returns, employment income docs, and all of your other rental property income information to qualify for a new rental loan, there are much simpler options. First, is what’s called a DSCR (Debt Service Coverage Ratio) loan. This route uses the rental income versus the monthly cost (PITIA) of the subject property ONLY to qualify for the loan. Some DSCR programs even allow the rental income to be as low as 75% of the monthly costs. The next route is with a No Ratio loan. This loan doesn’t even use the rental income. Rather, the loan is strictly based off of the borrower’s credit score and equity in the subject property. Both of these options are available for purchase, refinance, AND CASH-OUT REFINANCE loans. Of course, these loans will come with lower maximum LTV’s and higher rates than with a normal conventional full doc investment loan on the same property.

Benefits of Investment Property Loans

  • Up to 85% LTV available for Investment Property purchase.

  • Non-Income Verification/Stated and No-Ratio options available for simpler loan approvals.

  • Property Types: SFR, Townhouse, Condo, Condotel, 2-4 Unit, 5-8 Unit, and Care Facilities allowed.

  • Purchase, Refinance, and Cash-out Refinance.

  • Lending to Individuals, LLC’s, Family Trusts, Corporations, LLP’s.

  • Minimum score 550.

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