Program Details

4.50% Fixed Rate
30-Year Term, 30-Year Amortization
70% LTV Cash-Out
2.0% Origination Fee
No Tax Returns
680+ FICO Score
$135,000 Minimum Property Value
1-4 Unit Residential
Eligible Entities: LLCs and Individuals
No Prepayment Penalties

Cash-Flow Based Approval

Unlike traditional mortgages, qualification for this lending program is based on the property’s Debt Service Coverage Ratio (DSCR), not your personal debt-to-income ratio. DSCR is a measure of the net cash flow available to cover any debt payments. Your property should yield a positive cash flow after any bills and debt payments.

*Not available in NJ, NY, IL
*APR 4.609%