DSCR loans for 5 to 8 unit multifamily.
2 cakes take DSCR, 5 to 8 units.
Every cake with a published matrix for this income type, largest loan first. Open one for its limits and matrix.
What the file needs.
The same DSCR test, with a 1.00 minimum. Loans of $2 million and up also need a 9% debt yield: net operating income over the loan amount.
- A residential multifamily property on up to 2 acres, not rural or agricultural zoning; the matrix sets the unit count
- Leased units at the lower of lease or market rent; vacant units at 75% of market, two at most
- A commercial exterior-only BPO, unless there are two full appraisals
- Six months of reserves, or twelve for foreign nationals
- First-time homebuyers are not eligible
From the DSCR guidelines, version 5.0, section 9.1 to 9.3. The guidelines and matrix govern every file.
Read the guidelines (PDF, opens in a new tab)Check a scenario.
Enter your credit score, LTV or CLTV, and loan amount to find programs to review. Confirm your exact combination in the matrix.
These programs meet separate published ranges. Score, LTV and loan amount limits may not apply together. Check the matrix for your exact combination, purpose and property.
No programs fall within these search ranges. Ask an account executive to review the file: call (833) 717-0401 or send it over.
Send this scenario to an AETry a different search
Confirm eligibility with the matrix and guidelines before quoting or submitting a file.
Other ways to document income
Have one of these files?
Talk it through with an account executive at (833) 717-0401 before you submit, or apply to become a partner and submit in TPO Connect.
Already approved? Broker login (opens in a new tab)
