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.

QUICK QUOTE

LICENSING

NMLS #557025

CONTACT US

Joshua Nieves Lending Team - Merit Lending

9960 W Cheyenne Avenue #240

Las Vegas, NV 89129

(702) 580-5069

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