Eligibility
Clear guidelines. No guesswork.
Here is what a typical DSCR program asks for. Your specialist confirms the details for your exact deal.
620+
Credit score
1.00+
DSCR on most programs
1 to 8
Units per property
Up to 75%
Loan-to-value
50
States available
What qualifies
- Eligible: Single family homes
- Eligible: Condos and townhomes
- Eligible: Duplexes, triplexes, and fourplexes
- Eligible: Small apartment buildings with 5 to 8 units
- Eligible: Long-term rentals and qualifying short-term rentals
- Eligible: Purchases, refinances, and cash-out refinances
What does not
- Not eligible: Your primary residence or a second home you live in
- Not eligible: Owner-occupied properties of any kind
- Not eligible: Properties you plan to flip within weeks
- Not eligible: Raw land with no income
- Not eligible: Commercial properties over 8 units on these programs
Documents
A short list, and none of it is about your paycheck.
You will not be asked for W-2s, pay stubs, or tax returns.
Always
- Government issued photo ID
- Credit authorization
- Purchase contract or current mortgage statement
- Bank statements that show reserves and down payment
If the property is occupied
- A current signed lease
- Proof of recent rent payments on some programs
If you borrow in an LLC
- Articles of organization
- Operating agreement
- EIN letter
- Certificate of good standing
Always at closing
- Proof of hazard insurance
- Flood insurance where required
- Title and survey items your closing agent will request
What moves the needle
Four things that shape your terms.
- Credit score
- Higher scores usually bring lower rates and higher loan-to-value limits. Programs starting at 620 exist, and 700 or above opens more doors.
- DSCR
- A ratio of 1.25 or more tends to price better than a ratio near 1.00. Raising the rent or the down payment can move it.
- Loan-to-value
- The loan as a share of the value. Lower leverage means lower risk for the lender, and it shows in the pricing.
- Property and use
- Single family rentals price best. Short-term rentals, vacant units, and small apartment buildings can carry tighter limits.
Programs, rates, terms, LTV limits, credit requirements, DSCR requirements, and property eligibility are subject to lender guidelines and can change. This page describes typical programs and is not a commitment to lend.
Questions
Eligibility questions, answered.
Programs generally begin at 620. Higher scores usually bring lower pricing and more flexible terms.
See if your deal qualifies.
Send us the property details and we will tell you where you stand before you spend anything.