Access Investor Cash Flow (DSCR) Program
Best For: Easy Qualification, Savvy Investors
Investor Cash Flow (DSCR) Program
This loan program is not available in USA
Program Description
Specialty program for investment properties. Borrower DOES NOT qualify based on personal income documentation. Approval is based on projected property cash flows relative to monthly payment.
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Access Investor Cash Flow (DSCR) Program
Min. Credit Score
660
Min. Down Payment
20%
Max Loan Amount
No Limits
Qualification variables shown here are for 1-Unit Primary Residences, and loan amount ranges vary based on US County. Register Now to see if this loan program is a good fit for you, find your county limits, and find more options for purchasing a home.
Pros & Cons
- Easy Qualification
- Flexible on properties
- Larger Down Payment
- Higher than Average Rates
Program Availability
Access Investor Cash Flow (DSCR) Programs are available in all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
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“Investment properties only. Does not require borrower personal income documentation. Based on property cash flows, drawn from appraisal rent schedule, current lease, or other short-term rental sources."
Occupancy & Property Types
Qualification factors for this program can vary based on how you intend to occupy the property and what type of property you are purchasing. By registering for a free account , you can check program limits for all property and occupancy types.
Occupancy Types
Available Property Types for
Income & Purchase Price Limits
Your Debt-to-Income Ratio (DTI), as well as purchase price and income limits, are important factors when qualifying for a home loan program. By registering for a free account , you can find the exact program limits for this program and others in your area and for your unique scenario.
Debt-to-Income Limit
1.00%
Purchase Price Limit
$2,500,000
Income Limit
No Limits
Qualification variables shown here are for 1-Unit Primary Residences, and loan limit ranges vary based on US County. Amounts may be rounded. Exact amounts can be accessed by registering for a free account.
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Key Features
- No Personal Income Documentation Required
- Multiple Loans to One Borrower
Additional Conditions
- Investment properties only. Does not require borrower personal income documentation. Based on property cash flows, drawn from appraisal rent schedule, current lease, or other short-term rental sources.
Other Limitations
In some circumstances, there are specific requirements you must meet or homebuyer education courses you must attend in order to be eligible for the loan program.
No other program limitations
A Homebuyer Education Class is not required for this loan program.
Mortgage Insurance & Fees
Most mortgage programs require mortgage insurance when you are financing more than 80% of the purchase price or appraised value. Some programs may also have an associated funding fee, paid at the time of closing, or an annual fee. Learn all about the different fees here.
No Mortgage Insurance
This program does not require Private Mortgage Insurance (PMI).
Type: No Funding Fee
This program does not have a funding fee.
Type: No Annual Fee
This program does not have an annual fee.
Estimated Closing Costs: 4%
These amounts are just an estimate. Your closing costs include things like loan origination fees, discount points, appraisal fees, title insurance, taxes, deed recording fees, and other charges.
Similar Loan Programs
If you think this home loan program may be a good fit for you, you may also want to check out the following programs that share many similarities with the current program.
Related Resources
What is a DSCR Loan?
A typical Non-QM Debt Service Coverage Ratio (DSCR) loan allows a borrower to qualify for a mortgage loan based on income generated from an investment property as opposed to their personal income.
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Unlocking Homeownership: No Down Payment Mortgage Programs for Renters
Transitioning from renting to owning a home can seem daunting, especially when considering the traditional down payment requirements. However, several mortgage programs offer no down payment options, making homeownership more accessible for renters. This article delves into these programs, providing insights to help you find the best fit for your journey to owning a home.
Read MoreVisit our Mortgage Education Center for more resources.
* Investment properties only. Does not require borrower personal income documentation. Based on property cash flows.
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