DSCR 1-4 Units Res Loan Program

Loan Limits

$50,000.00 – $5,000,000.00

Guarantee

Full Guarantee

Documentation Type

Market Rents or Leases

Loan Types

Purchase
Refinance (cash-out)

Maximum LTV

80.0% Purchase | 75% Refinance (cash out)

Occupancy Type

Investor Only

Eligible Locations

Nationwide

Property Types

SFR, 2 - 4 Unit, Condos, Townhouses, PUD's, Condotel, Airbnb
BNB Warrantable & Non-Warrantable - Vacant Allowed

Interest Rate

7.50% - 11.50%

Credit Minimum

620

Loan Points

1.00% - 2.00%

Term

5, 10, or 30 Years Fixed / Amortization: 30 years

Prepay

5-5-5-5-5 or 5-4-3-2-1 (buy down may be available)

Due Diligence Deposits

Appraisal is standard cost
Due Diligence Costs Due Underwriting

Submission Requirements

Application 1003 Form
Exterior Color Photos
Operating Statement – 2 Years and YTD
Credit Report, three bureaus with scores
Current Rent Roll (if applicable)
Authorization for Credit Information

The Continental Finance Difference

Closings in 30 Days
Cross Collateralization Allowed
Flexible Underwriting
We Make Loans Happen