The Homelend Platform
DSCR
Program Highlights
- 600 Minimum Credit Score
- 85% Max LTV/ CLTV Purchase
- 80% Max LTV/CLTV R/T Refi
- 75% Max LTV/CLTV Cash-Out Refi
- Max Loan Amount $3.0mm
- Max Cash-Out $1mm LTV >65%, unlimited if LTV <=65%
- DSCR <1.0 or No Ratio Max LTV/CLTV 75%
- IO Option
- Portfolio/Blanket loans to $5.0mm
Borrower Profile
- Mortgage Pay History 0x90x12
- Non-Permanent Resident Aliens
- Foreign Nationals
- ITIN Borrower
- BK/ FC: 12 Months Seasoning
- SS/ DIL: <12 Months Seasoning
- Vesting in LLC, Partnership, Corporation
- Gift funds permitted
- First time Investor & FTHB allowed
- 1 or No Credit Score
Loan Characteristics
- SFR, 2-4 Units, Condo, PUD, Manufactured Homes, Non-Warrantable Condos, Condotel/PUDtel
- Rural Properties
- Short Term Rentals
- No Ownership Seasoning
- Vacancy Allowed on R&T Refi
- Cash-Out eligible for reserves
- Higher actual monthly rent permitted vs. market rent with documented receipt