600 at 60%
Credit-tier DSCR
600 FICO at 60% LTV. 620 at 65%, cash-out included.
- 600 FICO at 60% LTV
- 620 FICO at 65% LTV, including cash-out
- Stronger borrowers can reach 85% purchase or 80% cash-out
- No-ratio options available
DSCR. Investment property.
No tax returns. No ratio. No FICO floor.
The rent is the test. 1.25x prices better. 1.00x clears. Under 1.0 goes Flexible DSCR from 620. No ratio at all? Investor no-ratio to $1.5M. ITIN and foreign nationals in. LLC, STR, vacant: send it.
Bring the ugly ones.
- 1 to 4 unit rentals, plus the ugly ones: sub-1.0, no-ratio, vacant, STR
- LLC, ITIN, and foreign nationals. Personal DTI is not the test
- Any credit story we can structure, including one day out of bankruptcy on no-ratio
- Market rent, a lease, or a short-term rent schedule. No W-2. No tax returns
- Purchase, rate-and-term, or cash-out. If it is a rental, the rent is the test. Pass it and we fund it
- 1.00x
- Usual DSCR floor. 1.25x prices better.
- 80%
- Typical purchase LTV on a clean rental.
- 70–75%
- Where cash-out usually lands.
- 0
- Tax returns on a standard DSCR file.
Updated September 2026
Rent divided by the payment. That is the whole test.
$2,800 rent on a $2,813 payment clears about 1.00x. Short of that, Flexible DSCR from 620 and no-ratio with no FICO floor still take it. More down, same door. Banks read the write-offs. We read the rent.
| Screen | Guideline |
|---|---|
| DSCR | About 1.00x. 1.25x prices better |
| Purchase LTV | Often near 80% on a clean rental |
| Cash-out LTV | Often 70–75% |
| Tax returns | None on a standard DSCR file |
| Flexible DSCR | From 620, up to 80% CLTV, ratio under 1.0 allowed |
| No-ratio | No DSCR math, up to 55% CLTV |
| Also on the book | 600 FICO at 60% LTV. 620 at 65% including cash-out. 85% purchase. DSCR down to 0. Loans to $4M. Blanket 2–25 to $6.25M |
Six more DSCR screens.
These sit next to Flexible DSCR and the $1.5M no-ratio. A guideline is a screen, not a promise the file hits the top.
No reserves
No-FICO DSCR
No FICO. No DSCR floor. No reserves. 30-year fixed.
- No minimum FICO. No FICO required
- No minimum DSCR
- No reserves
- 30-year fixed
- Purchase and refinance, including cash-out
- For substantial equity and a credit problem
To $4M
DSCR to $4M
620 FICO. 85% LTV. DSCR down to 0. Loans to $4M.
- 620 minimum FICO
- 85% maximum LTV
- DSCR down to 0
- Loans up to $4 million
- First-time investors up to 80% LTV
- First-time homebuyers allowed
- Short-term rentals and vacant properties eligible
80% CLTV
Rent-free and first-time DSCR
620 FICO. Up to 80% CLTV. STR to 80%. Cash-out can be reserves.
- For rent-free borrowers and first-time homebuyers
- 620 minimum FICO
- Up to 80% CLTV
- No-ratio options
- Short-term rentals up to 80% CLTV
- Cash-out proceeds can serve as reserves
10 years IO
40-year interest-only DSCR
85% purchase. DSCR to 0.75. Qualify on the IO payment.
- Up to 85% purchase
- 80% rate-and-term
- 75% cash-out
- DSCR down to 0.75
- Separate no-ratio options
- 40-year term with 10 years interest-only
- Qualifies on the interest-only payment
To $6.25M
640 DSCR / blanket
85% purchase. No DSCR floor. 2–25 properties to $6.25M.
- 85% purchase
- No-ratio option with no DSCR floor
- 640 minimum FICO
- 40-year and interest-only options
- Separate blanket for 2–25 properties
- Up to $6.25 million
What we still need. Short list.
- Credit. A lower score changes leverage. It does not skip the review.
- Reserves when that screen asks for them. One DSCR screen has no reserves. Down payment, sourced.
- Appraisal and a lease, market rent, or short-term schedule.
- Entity docs if the vesting is an LLC.
Read the scenario
DSCR questions
What is DSCR?
Gross monthly rent divided by PITIA: principal, interest, taxes, insurance, and HOA. At 1.00x the rent covers the payment. At 1.25x pricing is usually better.
Do you need tax returns?
Not on a standard DSCR file. Zero tax returns is the point. Credit and a rent schedule are still required. Reserves depend on the screen.
What if the ratio is under 1.0?
Flexible DSCR allows DSCR below 1.0, starting at 620 FICO, with reserves that start at three months. It is a different screen than a 1.25x rental.
What leverage do you fund?
A clean purchase often screens near 80% LTV. Cash-out more often lands at 70 to 75%. Stronger files can reach 85% purchase or 80% cash-out. 600 FICO is 60% LTV. 620 can be 65%, including cash-out. No-ratio on the $1.5M screen is up to 55% CLTV. Other screens have no DSCR floor. Those are guidelines, not a promise.
Can the loan close in an LLC?
Yes. LLC vesting is normal on DSCR. Personal credit is still reviewed.
Do you fund Airbnb?
Yes. Some screens take short-term rentals up to 80% CLTV. Vacant property is eligible on the $4M screen. Other STR files are tighter than a long-term lease.
What about ITIN or a foreign national?
Flexible DSCR allows ITIN. Investor no-ratio allows foreign nationals and ITIN, with no FICO floor and 55% CLTV.
Is this a guaranteed approval?
No. If we can structure it inside the guideline, we fund it. Seasoning, occupancy, and condition still have to be confirmed.
These are the guidelines we screen. They are not a promise that your file hits the maximum. Credit-event seasoning, occupancy, and property condition still have to be confirmed. Not a commitment to lend. We text. We do not call.