Our 2-10 Units All Residential DSCR Loan Program is specially designed for real estate investors focusing on residential properties ranging from 2 to 10 units. This program supports your investment strategies by offering loans based on the Debt Service Coverage Ratio (DSCR), which includes the potential market rents of unleased units, thus maximizing your investment potential.

Key Features

  • Market Rent Assessment for Unleased Units

  • Up to 75% Loan-to-Value (LTV)

  • 680 Minimum FICO Score

Why choose our 2-10 Units All Residential DSCR Loan Program?

  • Tailored for Multi-Unit Residential Properties

  • Enhanced Loan Accessibility

  • Expert Financial Assistance

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Created: 10-31-2024
Updated: 10-31-2024
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PLEASE NOTE: We regularly update our program information to ensure accuracy. However, program details may change rapidly. For the most current and precise information, please contact us using the form on this page, via our Contact Us page, or by phone at (800) 919-1086

Program details

To apply for our 2-10 Units All Residential DSCR Loan Program or to learn more about how it can support your property investment goals, please contact our loan specialists. We are here to guide you through the application process and help you secure the financing your investment requires.

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Program details

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  • Qualify for financing using the potential market rent of unleased units, ensuring that you can leverage the full income-generating potential of your property.

  • Secure a loan that covers up to 75% of the property’s value, allowing for significant financing while maintaining equity.

  • Applicants need a minimum FICO score of 700 to qualify, supporting a responsible lending environment with financially stable borrowers.

  • A FICO score of at least 680 is required to qualify, supporting responsible borrowing with a good credit background.

  • By considering DSCR that includes projected earnings from unleased units, we offer more accessible loan options for investors.

  • Our team is equipped to provide guidance on DSCR calculations, market rent assessments, and the strategic planning needed to optimize your loan application.

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2-10 Units All Residential DSCR Program FAQ

What is the 2-10 Units All Residential DSCR Loan Program?

The 2-10 Units All Residential DSCR Loan Program is designed for investors looking to finance residential properties with between 2 and 10 units. It allows for financing based on the Debt Service Coverage Ratio (DSCR), which includes potential income from unleased units calculated at market rent.

For unleased units, we assess potential rental income based on current market rent values. This approach helps investors maximize their borrowing power by considering the full income potential of the property, not just the income from currently leased units.

The program offers a maximum Loan-to-Value ratio of 75%, providing substantial financing for the purchase or refinance of residential properties while ensuring investors retain equity in their investment.

 

Applicants need to have a minimum FICO score of 680 to qualify for the 2-10 Units All Residential DSCR Loan Program, ensuring that the program is accessible to investors with a good credit history.

 

Yes, the 2-10 Units All Residential DSCR Loan Program can be utilized for both purchasing new properties and refinancing existing ones, offering flexibility to investors as they seek to expand or optimize their real estate portfolios.

 

 

 

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