DSCR loans are used to purchase and refinance non-owner-occupied investment property. No personal income is required with these loans and underwriting is based on property value, rental income, and borrower credit scoring.
Loan Amounts: $75,000-$3,000,000
Term: 5/1 ARM, 30-Year Fixed
Prepayment Penalty: 0-5 years
Credit Score Minimum: 620
Condotels allowed
Short-term rentals allowed
1-8 units are eligible
Fix and flips loans are used for rehab, cosmetic work new construction to increase property value. New and experienced investors are welcome and eligible to apply. Very flexible terms and loan structures available.
Loan Amounts: $50,000-$2,000,000
Term: 6-24 months
No prepayment penalty
New borrowers welcome
No experience required
Deferred payment options
No hard pull required
Bridge loans are available to all investors with more flexibility for borrowers with lower credit scores or borrowers looking for a quick turnaround to close on a purchase or refinance without verifying income. Asset-based underwriting.
Loan Amounts: $50,000- $5,000,000
Term: 6-24 months
No prepayment penalty
3 months reserves required
Purchase and refinance
No hard pull
Eligible for 1-4 units