Featured In: Qualify for a home loan without using your tax returns with a DSCR loan program. As a real estate investor, you can avoid high rates and high points of private loans, lengthy approval processes, and strict lending criteria with a debt service coverage ratio loan, which is a ...
JMAC Lending accepts Investment DSCR Non-QM loans in certain states where the Loan Officer is not licensed do business, includingAL, CO, CT, DC, DE, FL, GA, IL, IN, IO, KY, MD, MA, NH, NM, OH, PA, RI, SC, TN, TX, WA and WI. This is only offered for Wholesale lending....
- No income/Employment collected on the loan application - No W2s, Tax Returns, etc. - Qualifies off the rental income NOT borrower income Get Started A BETTER WAY IS HERE It’s All About Simplicity Tired of using multiple rate sheets to price your loan? Save time by expanding your NOO...
DSCR PROGRAM DSCR Matrix GENERAL REQUIREMENTS Loan Amounts to $3,500,000 Cash-Out to $1,000,000 Up to 80% LTV No Income on 1003 640 Minimum Score Gift Funds Permitted Seller Concessions up to 6% Reserves: 2 Months for Loan Amounts up to $1,500,000 ...