In-House Program
Debt Service Coverage Ratio (DSCR)
- DSCR ratio calculated by dividing gross rents by subject property PITIA.
- Short Term Rental income eligible with 25% down
- Ratios over 1 preferred. Will go as low as .75 with rate adjustments.
- No income required besides lease agreement or 1007 with rent schedule
- Minimum down payment 20%
- Must be seasoned investor – exceptions can be made
- Max seller concessions 3%
Qualify with letter of good standing with current financial institution or international credit report
Foreign National
- 1 to 4-unit properties
- Loan amounts up to $2M
- No income, job, or credit required
- No reserves required < 75% LTV
- Non-Owner Occupied only – Condotels/Pudtels Allowed
- 5yr/7yr ARM & 30-year Fixed
- 70% Max LTV Purchase – 65% Max LTV Refinance
In-House Program
Bank Statement
- 12- & 24-month bank statement programs
- Business & Personal bank statements allowed
- Must be self-employed – No W2 allowed
- Must be self-employed for one year but two years same line of work
- Minimum down payment 15%
- Max seller concessions 6%
- Max DTI 50%
In-House Program
Asset Depletion Program
- Liquid assets divided by 84-months
- Liquid assets – 100% checking/savings/money market. 80% stocks/bonds/mutual funds. 70% vested retirement/401K/IRA. Crypto allowed if liquidated.
- Must have $1 million minimum qualifying assets
- After down payment + closing costs, must have minimum $450k liquid
- Minimum down payment 15%
- No gift funds
- Max seller concessions 6%
- Max DTI 50%
In-House Program
1099 | P&L Program
- Most recent year 1099 or CPA audited P&L
- 1099 must be self-employed for two years
- P&L must be self-employed for one year but two years same line of work
- Minimum down payment 15%
- Minimum reserves of 6-months of subject property PITIA – 9-months for loans over $1.5 million
- Full gifts allowed but not for reserve requirement
- Corporate & LLC vesting allowed • Max seller concessions 6%
- Max DTI 50%
In-House Program
Asset Utilization Program
- Traditional DTI not calculated – post-closing qualified assets must be greater than the sum of the items listed below:
- 100% of loan amount
- 60-months of all real estate PITIA plus subject property taxes and insurance (no P&I) plus consumer debt payments plus alimony/child support
- Liquid assets – 100% checking/savings/money market. 80% stocks/bonds/mutual funds. 70% vested retirement/401K/IRA. Crypto allowed if liquidated.
- Job & Income not required
- Minimum down payment 15%
- No gift funds
- Corporate & LLC vesting allowed
- Max seller concessions 6%
Check out what your investor ratio is by using our DSCR InvestorMortgageCalculator…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
The DSCR for this loan is
Monthly Payments
Principal & Interest (P&I)
$Taxes & HOA
$Homeowners Insurance
$Debt Service Coverage Ratio(Rental Income / Mortgage Payment)
Rental Income$3,000
Monthly Mortgage$3,000
DSCR0.90
Estimated Taxes & InsuranceProperty taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.
Estimated Payment$ /mo
Loan amount
$
Down payment
$
Interest rate
Loan term
Property tax
Homeowner's insurance
$
HOA dues
$
Payment Breakdown
Amortization
Principal vs. Interest
Amortization Schedule Breakdown
Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan.Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
- Principal payments: $$240,000 (the amount borrowed)
- Interest payments: $$297,554 (the cost of borrowing)
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