Flex Investor DSCR

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.