The DiSCoveR is designed for non-owner or investment property borrowers that may or may not have had previous investor experience. This program offers expanded credit parameters for multiple non-owner borrower profiles while utilizing Multiple document types to further address specific income circumstances in the demonstration of ability to repay.
- DSCR 1 to 1 Ratio to 80%
- DSCR No Ratio to 75%
- 600 minimum FICO
- For DSCR, use Interest Only payment to qualify
- Loans to $3.5 Million
- C/O to $2 Million
- No Reserves
- 80% to $1.5mm
- 40 year amortization to qualify
- 5/1, 7/1 ARMs; 30year fixed; 40year IO
- Qualify Payment Off The I/O Payment
- Expansive property types including non-warrantable condos
- Foreign Nationals eligible
