INVESTMENT
PROPERTY
FINANCING
Build your real estate portfolio with DSCR loans that qualify based on rental income potential, not personal income. Perfect for investors looking to expand their property holdings.
Choice DSCR Product
Tier 1
DSCR 1.25+
Best rates and terms for strong rental income properties. Available with 30 Year Fixed (Standard and Interest Only) and 5/6 ARM options.
- • Up to 80% LTV
- • Credit scores from 660-740+
- • Up to $2.5M loan amount
- • Interest Only available
Tier 2
DSCR 1.00-1.24
Solid option for properties with good rental income. Same loan options as Tier 1 with slightly adjusted terms.
- • Up to 75% LTV
- • Credit scores from 660-740+
- • Up to $2.5M loan amount
- • Interest Only available
Tier 3
DSCR 0.75-0.99
Options for properties with lower rental income. More conservative terms but still accessible.
- • Up to 70% LTV
- • Credit scores 700-740+
- • Up to $2M loan amount
- • Fixed and ARM only
Key Features
No Personal Income Required
Qualification based solely on property rental income potential
Multiple Property Types
Single-family, 2-4 units, condos, PUDs, and townhouses
Flexible Loan Terms
30 Year Fixed, Interest Only, and 5/6 SOFR ARM options
High Loan Amounts
Up to $2,500,000 ($1,500,000 for Foreign Nationals)
Short-Term Rentals
12-month average with 20% expense factor (refinance only)
All Channels
Available through Retail, Wholesale, and Correspondent channels
Product Summary
Available Products
DSCR 1.25+
- • Choice DSCR Tier 1 30 Year Fixed
- • Choice DSCR Tier 1 30 Year IO Fixed
- • Choice DSCR Tier 1 5/6 SOFR ARM
- • Choice DSCR Tier 1 5/6 SOFR IO ARM
DSCR 1.00-1.24
- • Choice DSCR Tier 2 30 Year Fixed
- • Choice DSCR Tier 2 30 Year IO Fixed
- • Choice DSCR Tier 2 5/6 SOFR ARM
- • Choice DSCR Tier 2 5/6 SOFR IO ARM
DSCR 0.75-0.99
- • Choice DSCR Tier 3 30 Year Fixed
- • Choice DSCR Tier 3 5/6 SOFR ARM
Loan Amounts
Minimum Loan Amount
- • DSCR ≥ 1.0: $75,000
- • DSCR 0.75-0.99: $250,000
Maximum Loan Amount
- • Standard: $2,500,000
- • Foreign National: $1,500,000
DSCR Calculation
DSCR = Gross Rental Income ÷ PITIA
(Principal, Interest, Taxes, Insurance, HOA)
Income Sources
- • Executed lease agreement
- • Market rent (Form 1007/1025)
- • Short-term rental income*
*12-month average with 20% expense factor (refinance only)
Eligibility Requirements
Eligible Property Types
- Single-family residences (attached/detached)
- 2-4 unit properties
- PUDs (attached/detached)
- Townhouses
- Warrantable & Non-warrantable condos
- Up to 5 acres maximum
Eligible Borrowers
- U.S. Citizens
- Permanent Resident Aliens
- Non-Permanent Resident Aliens
- Foreign Nationals (Tier 1 & 2 only)
- First-Time Investors (min 700 credit score)
- Inter-Vivos Revocable Trusts
- LLCs, Partnerships, Corporations (for vesting)
Key Requirements
- Non-Owner Occupied only
- Business Purpose Certification required
- Rent loss insurance required
- Manual underwriting required
- Eligibility review required
- Reserves required (3-6 months PITIA)
Loan-to-Value (LTV) Matrix
| Loan Amount | LTV | CLTV | Purpose | Units | Occupancy | Credit Score |
|---|---|---|---|---|---|---|
| $1,500,000 | 80% | 80% | Purchase/R&T | 1-4 | N/O/O | 740 |
| $1,500,000 | 80% | 80% | Purchase/R&T | 1-4 | N/O/O | 700 |
| $1,500,000 | 75% | 75% | Purchase/R&T | 1-4 | N/O/O | 680 |
| $1,500,000 | 75% | 75% | Purchase/R&T | 1-4 | N/O/O | 660 |
| $2,000,000 | 75% | 75% | Purchase/R&T | 1-4 | N/O/O | 700 |
| $2,000,000 | 70% | 70% | Purchase/R&T | 1-4 | N/O/O | 680 |
| $2,500,000 | 70% | 70% | Purchase/R&T | 1-4 | N/O/O | 700 |
| $2,500,000 | 65% | 65% | Purchase/R&T | 1-4 | N/O/O | 680 |
| $1,500,000 | 75% | 75% | Cash Out | 1-4 | N/O/O | 740 |
| $1,500,000 | 75% | 75% | Cash Out | 1-4 | N/O/O | 700 |
| $2,000,000 | 70% | 70% | Cash Out | 1-4 | N/O/O | 700 |
| $2,500,000 | 65% | 65% | Cash Out | 1-4 | N/O/O | 700 |
Note: Interest Only loans: Max 75% LTV/CLTV. Foreign Nationals: Max $1,500,000, Max 70% LTV Purchase/R&T; Max 60% LTV Cash Out (use 660 score). Non-Warrantable Condos: Max 75% LTV. Unleased Properties (refinance only): Max 70% LTV.
Why Choose Choice DSCR?
No Personal Income
Qualify based on rental income potential, not your personal income
High Loan Amounts
Borrow up to $2,500,000 to finance your investment properties
Portfolio Growth
Multiple property options to help you build and expand your portfolio
Flexible Terms
Choose from fixed, interest-only, or ARM products to match your strategy
Get In Touch
Let's discuss your investment property financing needs. I'll help you find the right DSCR product to grow your real estate portfolio.
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Piero Cornejo
Branch Manager
I help homebuyers, homeowners, and investors navigate financing with clarity and confidence. From first-time purchases to refinances and DSCR loans, I tailor solutions to your goals and timeline.