Debt Service Coverage Ratio
Reach more of your clients that are looking for alternative ways to qualify for a rental property. Through our proprietary Non-QM product offering, Maverick SolutionsTM, we offer a Debt Service Coverage Ratio (DSCR) Program. This is a great fit for your borrowers who want to use rental income from an investment property to qualify.
Key Features of the Debt Service Coverage Ratio Program Include:
- Debt Service Coverage Ratio = 1.0%
- No Vacancy Factor
- Credit Score as Low as 640
- Loan Amounts up to $3,000,000
- 30-Year Fixed with 10 Year Interest Only
- Purchase, Rate & Term and Cash-Out Refinance
- Up to $500,000 Cash Back
- Gift Funds Permitted with minimum
5% down payment from borrower’s own seasoned funds
Contact us Today!
Feel free to contact us if you have any questions or would like a second option on your existing mortgage.