DSCR for Investors looking to build their portfolios.
Highlights
- DSCR = Gross Income divided by PITIA
- Max loan amount $3,500,000
- 1-4 family properties and condominiums permitted
- 85% LTV for Purchase, Rate & Term Refi
- 75% LTV for Cash-Out Refi
- Down to 620 FICO
- Non-Warrantable Condos OK
- Investment Properties only
- Gift Funds allowed
- No limit on Financed Properties
No License, No Problem
With our Business Purpose loans you don’t need to be licensed in certain states where we are licensed. We can fund with our Giant Lending Mortgage License.
States may have other or additional requirements, check with your Account Executive.
What's a Business Purpose Loan?
A business purpose loan is used to purchase an investment property or a cash out refinance where the funds are used for any business purpose. The property collateralized can be non-owner occupied if the funds are used for business. You can work directly with real estate investors and business owners who are looking for this type of loan to either purchase an investment property or looking for funds to enhance their current one.