DSCR Loan - Mortgage for Investment or Rental Properties
No Income Verification, No Debt-Income Ratio
30yr fixed 6.875%, APR 7.17%
as of 2/1/2025
Use Short-term Rental (Air B&B) Income to Qualify!
Investment Property Loan - Product Introduction
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Flexible Immigration Status
Student F visa, Tourist B visa, Visting Scholar J visa, Green card, Citizens are all welcome!
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No Income Doc
No need for tax retrun. No need to provide verification of employment (VOE). No paystub is required. This is a true no income doc loan. The traditional so-called stated income lender does not require w2 and paystub, however, still will call the employer to verify income.
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Gift Fund as Down Payment
Downpayment can be gift fund of parents or relatives. Yes, gift funds for investmentproperties!
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Competitive Rate
30-year fixed-rate mortgage 6.635% / APR 6.75% as of 1/12/2024, assuming loan amount $1 million, LTV 60%, FICO 760, 5-year prepayment penalty.
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Loan Amount
Loan amounts can go up to $6 million.
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Unlimited Number of financed Properties
Over 10+ financed properties are allowed.
About Us and Our Loan Products
David Sun, an experienced licensed loan officer with a Juris Doctor (J.D.) degree and a Master of Laws (LL.M.) degree in Tax Law from top US law schools, can help you select a loan product tailored to your needs, including down payment, interest rate, and loan term.
We have over 100 loan products, so there might be one that suits you. For example, if you are a student on an F visa, a tourist on a B visa, a new immigrant, or someone with complex income and assets who wants a simple and hassle-free loan application process, you can consider our flagship product, Flex Loan. The pain point of Flex Loan lies in the high down payment: 40% for a primary residence and 50% for an investment property.
If you don't have such a high down payment and you can legally work in U.S., we also have other loan products available. You may qualify for a loan based on your bank statements, with a minimum down payment of 10%. Alternatively, you can opt for a traditional loan without income verification (VOE) with a minimum down payment of 20%. Even with such a low down payment, you can still qualify for a jumbo loan. Additionally, if you have substantial assets sitting in the stock market or bank accounts and you don't want to sell them to raise cash or pay a high down payment, we can consider an asset-based loan that does not factor in income.
INCREASE LOAN LIMIT
We have several loan products that can effectively help you increase your loan limit:
Jumbo loans with a minimum down payment of 10%, and no requirement for mortgage insurance.
Higher debt-to-income ratio (DTI) of up to 49.99% for jumbo loans.
If you are planning to buy a new home while still living in your current one, your current mortgage payments based on your reserves can be excluded when calculating your loan limit.
If you have a two-year history of Restricted Stock Units (RSUs) and have recently changed jobs, even if you have received RSUs only once in your new position and have a future vesting schedule for the next three years, we can include RSU income in the loan approval process.
For purchasing investment properties, you can use gifted funds for the down payment.
For rental properties used for short-term Airbnb rentals without a lease, rental income can be considered.
Allow non-warrantable condo feature.
Of course, each specific situation has only a few loan products that can address its pain points, and other loan conditions must also be met by the borrower. David will conduct a detailed analysis to assist you. As we can provide the Underwriter Pre-approval with an address to be determined, we can have the underwriter review your documents and confirm any issues and your loan limit before you make an offer.
