DSCR < 1.0
meMortgage is proud to introduce our new DSCR <1.0 Program
HOA dues got you down? If you find yourself in a small loan amount or high HOA dues county, we have a business purpose financing solution for you. The DSCR <1.0 was specifically designed for landlords that don’t receive enough rental income to cover their full mortgage payment. Don’t let high taxes, HOA dues or small rents keep you from achieving real estate mogul status, and when your cash flow catches up, give us a call and get your NONI on.
Highlights
- No Adjustments for cash-out, units, IO, or condo
- 3 Credit Buckets 680+, 640-679, & 620-639
- $2,500,000 Max Loan Amount
- $2,000,000 Max Cash Out
- 75{98182cbbf8450659a3b2ba28bfedbfbc3cca01d3ee505504dacf2af8a5819169} Max LTVs
- 620 Minimum Credit Score
- Financed Properties No Limit on Number of Financed Properties
- 3 Year Seasoning Foreclosure, Short Sale, Loan Modification, Deed in Lieu & Bankruptcy
- Terms: Fixed, ARM & Interest Only Options
- Soft Prepay Available
- Enhanced pricing for non-CA loans
- Improved LTVs for FL condos