DSCR loans for 5 to 8 unit multifamily.
3 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.
Move the score, LTV, and loan amount. The cakes that take it line up.
No published matrix takes these exact numbers. An account executive can still look at the whole file: call (833) 717-0401 or send it over.
Send this scenario to an AEOne change away
Limits from the published matrices. The guidelines govern every 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? Log in to TPO Connect (opens in a new tab)
