OUR DSCR FLEX: No-Income Investor Mortgages
75% LTV Financing on 1 Unit-10 Units
Investors can buy residential rental property and small apartment buildings at low, fixed rates.
This is a limited paperwork, No Income/No Employment Loan.
Our DSCR Flex grants loan approval after asking 3 questions and getting at least 1 YES:
- Do monthly rents exceed monthly PITI or monthly PITIA housing obligations?
- Does monthly rent equal monthly PITI or monthly PITIA housing obligations?
- Do monthly rents show negative cash-flow, low cash-flow or NO cash-flow?
- Minimum credit scores apply, market rents are used, and cash-to-close is verified.
- Total PITI or PITIA housing obligation includes:
- The Mortgage Payment: Principal and interest, or interest only payments.
- Real estate taxes.
- Required insurances: Homeowners, HO-6 if a condo, flood/windstorm, if needed.
- Any condo or HOA fees.
- Underwriting formula: Rent divided by PITI, or Rent divided by PITIA.
Our DSCR Flex finances up to 10 units and excels in that part of the 5-10 unit market that commercial banks have traditionally financed. Do we beat the banks? Yes, in this case,
Low-Rate, No Income/No Employment makes it easy.
No tax returns nor W-2s, no CAP Rates/NOI, no schedule E, no financial statements, no personal income, no global income.
- Ready for 30 year or 40 year fixed rate mortgages? With interest-only options?
- Ready for 1st time investors? Ready for Foreign Nationals?
- Quicker underwriting decisions. Faster closings, usually 14-35 days for 1-4 units.
Financing the following properties for Purchase, Refinance and Cash-out Refinance:
- 1 Unit: Homes, Townhomes, Villas, Condos, Condotels, and Short-Term Rentals.
- 1-4 Units: Duplexes, Triplexes, 4-Plexes
- 5-10 Units: Traditional Commercial Property underwritten and priced as residential.
- 2-8 Units Mixed Use: Residential apartments with small businesses and storefronts.
- Investment Property: Fix-n-Flip or Fix 2 Rent
