Our 2-8 Unit Mixed Use DSCR Loan Program is tailored for investors looking to finance mixed-use properties containing residential and commercial spaces. This program is ideal for properties with 2-8 units, providing flexible financing solutions based on the Debt Service Coverage Ratio (DSCR) of the property, including potential market rent for unleased units.

Key Features

  • Market Rent Qualification for Unleased Units

  • Up to 65% Loan-to-Value (LTV)

  • 700 Minimum FICO Score

Why choose our 2-8 Unit Mixed Use DSCR program?

  • Flexible Financing Solutions

  • Expert Financial Guidance

  • Expert Financial Support

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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 2-8 Unit Mixed Use DSCR Loan Program or to learn more about how this can advance your property investment goals, please contact our loan specialists. We are ready 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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  • Even if some units are currently unleased, they can qualify based on market rent assessments, ensuring that you can leverage the full potential income of the property.

  • Secure financing for up to 65% of your mixed-use property’s value, providing substantial funding while maintaining equity.

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

  • By considering the DSCR that includes potential income from unleased units, we offer more flexibility in how your property’s value and income potential are assessed.

  • Tailored specifically for properties with a combination of residential and commercial units, this program meets the unique needs of mixed-use property investors.

  • Our team of financial experts is on hand to help you calculate DSCR, assess market rents, and optimize your investment strategy to meet program requirements.

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3 Month Bank Statement Program FAQ

What is the 2-8 Unit Mixed Use DSCR Loan Program?

The 2-8 Unit Mixed Use DSCR Loan Program is designed for real estate investors who own or are looking to purchase mixed-use properties with 2-8 units. This program allows financing based on the Debt Service Coverage Ratio (DSCR), which includes potential market rents for unleased units.

Unleased units are evaluated based on their potential market rent, ensuring that investors can qualify for financing even if some units are currently unoccupied. This assessment helps demonstrate the full income potential of the property.

The program offers financing up to 65% LTV, allowing borrowers to secure loans that cover a significant portion of the property’s value while maintaining a buffer of equity.

 

Applicants must have a minimum FICO score of 700 to qualify for the 2-8 Unit Mixed Use DSCR Loan Program, ensuring that loans are extended to borrowers with good credit histories.

 

Yes, the 2-8 Unit Mixed Use DSCR Loan Program can be utilized both for purchasing new properties and refinancing existing ones, providing flexibility for investors to manage their finances and investments effectively.

 

 

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