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DSCR Loans

Permanent financing of rental properties with long-term tenants. These loans use the rental cash flow and stabilized property value to determine the loan amount.

Lending Criteria

LOAN AMOUNT

$75,000 to $1.5 million. Loan amounts outside of this range considered.

LOAN TERM

30-year term; fully amortizing entire term, or I/O for 10 years with rate fixed for 5 years then adjustable every 6 months

LOAN TO VALUE

Up to 80%; 75% for cash-out refinances with low seasoning

DEBT COVERAGE

Minimum 0.75 DSCR

PREPAYMENT PENALTY

Multiple PPP options available, including No PPP (depending on the state)

CLOSING TIMELINE

2-3 weeks

Additional Guidelines

FICO

660 min hard credit assessment

REVENUE VERIFICATION

Long-term rental revenue is verified through a lease agreement

PROPERTY VALUATION

Appraisal with market rents

ELIGIBLE PROPERTIES

Single-family, townhomes, warrantable condos, 2-4 units and 5-10 units

ELIGIBLE STATES

Nationwide except ND, NV, SD, VT and WV

BORROWER

Entities only. A personal guarantee is required. Non-recourse is not allowed.

MORTGAGE PAYMENTS

Taxes and insurance are escrowed. Mortgage payments are collected by ACH.

Mortgages are offered in partnership with Vontive, NMLS ID 1716495 (“Lender”). This is not a commitment to extend mortgage credit. Mortgage products, programs, eligibility criteria, pricing, and terms are subject to change without notice and at the sole discretion of the lender. All data and information is provided “as is” for informational purposes, may not be accurate, and may be subject to change without notice. Unless otherwise communicated in writing, all data and information Lender provides is “as is” without any warranty whatsoever. Additional disclosures and information, including state licensing of Lender, is available at www.vontive.com.

Contact Us Today

Arrange a consultation with us today to delve into your real estate transaction. Discover how we can guide you seamlessly to the closing table.

Opportunity Enterprises: Guiding Your Real Estate Deals to a Seamless Closing.

Contact

Address:

4480H S. Cobb Dr. STE475, Smyrna, GA 30080

info@opportunityenterprises.com


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