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DSCR lending matrix.

FICO to maximum LTV/CLTV by loan amount across our Non-QM investor programs. Non-owner occupied investment properties, 1–4 units only.

Effective 08.05.26 · Revised 08.05.26

Subject properties located in Baltimore City, MD (and its neighborhoods) are temporarily suspended.

Select DSCR

Ratio 1.25

Loan amountFICOPurchaseRate/TermCash-Out
$1,000,000720+75%75%70%
700+75%75%70%
$1,500,000720+75%75%70%
700+75%75%70%
$2,000,000740+75%75%70%
720+70%70%65%
700+70%70%65%
$2,500,000740+75%75%70%
720+70%70%65%
700+70%70%65%
$3,000,000740+65%65%60%
720+60%60%55%
700+60%60%55%

Core DSCR

Ratio 1.00

Loan amountFICOPurchaseRate/TermCash-Out
$1,000,000720+85%85%80%
700+80%80%75%
680+80%80%75%
640+75%75%70%
620+70%70%65%
$1,500,000720+85%85%75%
700+80%80%75%
680+80%80%75%
640+70%70%65%
620+65%65%60%
$2,000,000740+80%80%75%
720+80%80%75%
700+75%75%70%
680+75%75%70%
640+70%70%65%
620+60%60%55%
$2,500,000740+80%80%75%
720+80%80%75%
700+75%75%70%
680+75%75%70%
640+70%70%65%
620+60%60%55%
$3,000,000740+75%75%70%
720+75%75%70%
700+70%70%65%
680+70%70%65%
640+65%65%60%
620+55%55%50%
$3,500,000740+65%65%60%
720+65%65%60%

DSCR Fusion

DSCR + Asset Utilization

Loan amountFICOPurchaseRate/TermCash-Out
$1,000,000720+80%75%70%
700+75%75%70%
680+75%75%70%
$1,500,000720+70%70%65%
700+70%70%65%
680+70%70%65%
$2,000,000740+65%65%60%
720+65%65%60%
700+65%65%60%
680+65%65%60%
$2,500,000740+60%60%55%
720+60%60%55%
700+60%60%55%
680+60%60%55%

Sub1 DSCR

Ratio ≥ .75 – < 1.0

Loan amountFICOPurchaseRate/TermCash-Out
$1,000,000720+75%70%65%
700+70%70%65%
680+70%70%65%
640+70%70%65%
$1,500,000720+65%65%60%
700+65%65%60%
680+65%65%60%
640+65%65%60%
$2,000,000740+60%60%55%
720+60%60%55%
700+60%60%55%
680+60%60%55%
640+60%60%55%
$2,500,000740+55%55%50%
720+55%55%50%
700+55%55%50%
680+55%55%50%
640+55%55%50%
$3,000,000740+50%50%45%
720+50%50%45%
700+50%50%45%
680+50%50%45%
640+50%50%45%

No Ratio DSCR

Ratio < .75

Loan amountFICOPurchaseRate/TermCash-Out
$1,000,000720+70%65%60%
700+65%65%60%
$1,500,000720+65%65%55%
700+60%60%55%
$2,000,000740+60%60%55%
720+60%60%55%
700+55%55%50%
$2,500,000740+55%55%—
720+55%55%—
700+55%55%—

Foreign National DSCR

Ratio 1.00

Loan amountFICOPurchaseRate/TermCash-Out
$1,000,000720+75%70%65%
700+70%65%60%
680+ / No FICO65%60%55%
$1,500,000720+70%65%60%
700+65%60%55%
680+ / No FICO60%55%50%
$2,000,000740+65%60%55%
720+65%60%55%
700+ / No FICO60%55%50%

Program guidelines

Minimum loan amount

  • Select DSCR — $250,000
  • All other DSCR programs — $100,000

DSCR requirements

  • Select — 1.25 min ratio
  • Core — 1.00 min ratio | > 80% LTV requires 1.20 min ratio
  • Fusion — initial ≥ 0.75–0.99, final w/ asset utilization ≥ 1.15
  • Sub1 — 0.75 min ratio

Property max LTV overlays

  • Condo — Select 75% (FL 70%) · Core 80% (FL 70%) · Fusion 75% (FL 50%)
  • Non-warrantable condo — Core 75% up to $3.0M (FL 65%) · Fusion 65%
  • 2–4 unit — Core 80% · Fusion 65% · Select N/A
  • Rural — Core 65% · Select and Fusion N/A

Interest only

  • Qualify on IO payment, all states
  • Reserves based on IO payment
  • 640 min FICO · 80% max LTV

Housing history

  • Select — 0 x 30 x 12
  • Core — 1 x 30 x 12 · 1 x 30 x 6 with 10% LTV reduction · inexperienced investors 0 x 30 x 12
  • Fusion — 0 x 30 x 12

Credit events (BK, SS, FC, DIL, CCC)

  • Select — > 48 months
  • Core — > 36 months FC/CCC · > 24 months SS/DIL/BK Ch 7 · > 12 months BK Ch 13 with pay history
  • Fusion / Sub1 — > 36 months

Reserves

  • Select — 3 months; cash-out cannot be used. > $2.0M loan amount = 6 months, cash-out may satisfy up to 50%
  • Core — > 65% LTV = 3 months · > $2.0M = 6 months · > $3.0M = 12 months; cash-out may be used
  • Fusion / Sub1 — 6 months · > $2.0M = 6 months; cash-out may be used

Short-term rentals

  • Core — 5% reduction · 80% max LTV · 70% max LTV cash-out
  • Select / Fusion — not allowed

ITIN & DACA

  • ITIN — Core only: 700 min FICO · $1.5M max · 75% max LTV (65% cash-out)
  • DACA — Core only: 80% max LTV · 75% max LTV cash-out

Loan programs

  • Fixed — 15, 30, and 40 year · nonstandard terms available
  • ARM — 5/6 SOFR (2/1/5 cap), 30-year and 40-year terms

Matrix is for licensed professional use only and is not an advertisement to the general public or a commitment to lend. Guidelines, pricing, and leverage are subject to change without notice and final terms depend on full underwriting review.

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