Flex Investor DSCR

Experienced Investor 

A borrower who has owned 2 or more properties for 12 months during the most recent 36-month period. One property must be an income producing property (commercial or residential). 

First Time Investor Allowed 

Must have owned a property for 12 months during the most recent 36-month period 

Min FICO 640 

MAX 75% LTV 

No mortgage late payments 

More than 36mos from any major credit event 

No cash-out 

Employment / Income 

No employment verification 

Leave income blank on 1003 

No DTI calculations 

Use The Lesser of 10067 Rents or Lease Agreement 

Use of higher lease agreement allowed with 2 months proof of receipt 

Unleashed properties accepted for purchase only, use 1007 rent estimate 

5% LTV reduction on refinance if appraisal reflects any vacant unit 

Short term rentals (Air BNB/VRBO) income allowed with a 5% LTV reduction. Need 12-month history.