LOANS FOR WHICH YOU JUST CAN’T SEEM TO FIND A HOME

DSCR Loan

A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower’s income.

DSCR Loans are for investors in residential real estate rental properties and are perfect for investors in many diverse situations. Anyone from a first-time real estate investor to a seasoned pro looking to scale a portfolio can use DSCR Loans. The beauty of DSCR Loans is that they are a flexible solution for investors with an easy qualification. This is in contrast to conventional financing which has to follow the rigid and strict rules handed down by the agencies such as Fannie Mae and Freddie Mac.

WHAT IS AN INVESTMENT PROPERTY?

An investment property is owned but not occupied by the borrower. Investment occupancy is allowed on 1-8 family dwellings (including condominiums and PUDs).

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DSCR

Buyers are approved using prospective monthly rental income rather than their current income
Finance up to 20 properties
Loan amounts up to $3.5M
Eligible for short-term and long-term rentals
Up to 85% LTV
Low reserves requirement — as little as 3 months' needed
Can be closed in an LLC (Limited Liability Company)
Credit Scores as low as 620
Good for Purchase, Cash-Out, or Rate & Term
First Time Investors allowed
ITIN/Foreign National

Eligible Property Types for a DSCR Loan

Single Family Dwelling
2-4 Unit Multifamily Dwelling, subject to eligibility restrictions
Warrantable condominiums
Planned Unit Developments
Condo Hotels
Mixed Use

Who Benefits From A DSCR Loan?

Self-employed or Freelance people looking to invest in real estate
People who invest in real estate with partners or a team
Investors pursuing niche strategies like Short Term Rentals or the “BRRRR Method"
DSCR Loans have become such a popular and successful loan product because they combine the easy and non-burdensome documentation requirements with responsible and reasonable underwriting requirements. DSCR Lenders require a small amount of documents, and use common sense, requiring only what is necessary and reasonable to qualify for the loan.

LOANS FOR WHICH YOU JUST CAN’T SEEM TO FIND A HOME

Hard Money

A hard money loan is a short-term loan secured by a “hard” asset, usually real estate. It is a type of mortgage that can hand you cash quickly — typically in just a few days. Hard money loans don’t come from a bank or other traditional lender. Instead, they come from investment companies and other private businesses. These lenders generally have a less stringent approval process than standard home loans

Instead of focusing on a borrower’s credit or income, lenders look mainly at the asset’s value and potential. These loans are often used for investment properties, especially when timing matters or when a borrower can’t qualify for a traditional mortgage.

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Hard Money

Stated Income / Stated Asset / Limited Doc
1st and 2nd TD’s Available!
Purchase - Up to 65% LTV
Refi/Cash Out - Up to 60% - 65% LTV / CLTV
Min loan amount: $100,000. Max Loan Amount: $3,500,000 (exceptions on both ends)
1-5 Year Terms (IO or 40 Year Amortization)
Cross Collateralize Properties
Foreign Nationals Programs
Low FICO / No FICO / No Credit OK
New Business Start Ups
Fall-Outs
Individual / LLC / Corp / Trust
Bankruptcy OK
FAST CLOSE – Typically close within 4-6 days upon receipt of appraisal. Faster if need be!

Eligible Property Types for a Hard Money Loan

Non-Owner and Owner Occupied OK
Residential 1-4 units; 5-20 units
Condo's Unacceptable to Fannie and Freddie

Who Benefits From A Hard Money Loan?

Self-employed or Freelance people looking to invest in real estate
People who invest in real estate as a business
Hard Money Loans have become such a popular and successful loan product because they combine the easy and non-burdensome documentation requirements with responsible and reasonable underwriting requirements. Hard Money Lenders require a small amount of documents, and use common sense, requiring only what is necessary and reasonable to qualify for the loan.