Loan Facts
Straight answers for real estate investors: what we lend on, where, and what you need.
- DSCR, fix and flip and portfolio loans
- Every state except AK, HI, NV, ND, SD and VT
- $75,000 to $5 million
At a glance
| DSCR rental loan | Fix and flip (hard money) | Portfolio loan | |
|---|---|---|---|
| What it's for | Buy or refinance a rental | Buy and renovate a property | Several rentals under one loan |
| Qualifies on | The property's rent | The deal and the property | The properties' combined performance |
| Income documents | None | None | None |
| Minimum credit | 660 or higher for most; lower reviewed case by case | Not a hard stop; call us | Ask us |
| Term | 30-year fixed, no balloon (40-year also available) | Typically 6 or 12 months | 30-year fixed |
| Time to close | As little as 10 days; typically 3 to 4 weeks | As fast as 5 days; generally 2 to 3 weeks | Generally just under 30 days |
Real estate investors buying or refinancing investment property, as individuals or through an LLC, corporation or trust. We don't do owner-occupied home loans.
Every state except Alaska, Hawaii, Nevada, North Dakota, South Dakota and Vermont. Most active: Maryland, Virginia, Pennsylvania, Ohio, Indiana, Michigan, Missouri, Florida.
From $75,000 to $5 million, depending on the deal.
Loan programs
DSCR rental loans
- Qualify on the property's rent instead of your personal income. We compare the rent to the full monthly payment (principal, interest, taxes and insurance).
- Market rent can be used, even if the property is vacant. Deals below a 1.0 ratio can still close with lower leverage.
- To get approved: a valid ID, 2 months of bank statements and a soft credit pull. No tax returns, no pay stubs, no employment check.
- Long-term and short-term rentals (including Airbnb), purchase or refinance.
- Prepayment penalty is optional. A lower or no penalty generally means a higher rate.
Fix and flip loans
- Up to 90% of the purchase price and 100% of the rehab, subject to underwriting. Down payment as little as 10%.
- No experience required. More experience gets better terms.
- We fund distressed and non-livable properties. Rehab money is held in escrow and released in draws as work gets done.
- Exit by selling, or refinance into a 30-year DSCR loan with us.
Portfolio loans
- One loan and one payment for 2 or more rentals. No maximum.
- Single-family, multifamily, condos and short-term rentals can be mixed.
- No personal income documents.
How we work
We're real estate investors ourselves, and our team does the busy work for you: gathering documents, chasing the appraisal and keeping you updated through closing.
What we need for a quote
- Property address
- Estimated value
- Purchase price (if buying)
- Monthly rent
- Annual taxes and insurance
Common questions
Do I need to show income for a DSCR loan?
No. The property's rent qualifies the loan.
Can I close in my LLC?
Yes. Individuals, LLCs, corporations and trusts.
What's the minimum credit score?
For DSCR loans, most borrowers have 660 or higher; lower scores are reviewed case by case. For fix and flip, credit isn't a hard stop: call us and we'll look for a way to make the deal work.
Do you lend outside Maryland?
Yes. Every state except Alaska, Hawaii, Nevada, North Dakota, South Dakota and Vermont.
How fast can you close?
DSCR loans close in as little as 10 days, typically 3 to 4 weeks. Fix and flip loans as fast as 5 days.
Have a deal? Let's talk it through.
Get a quote online or call our team.
