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AMP Mortage

DSCR

 
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Solutions for real estate investors 

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Qualification based on subject property's debt service coverage ratio (DSCR) only 

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0x60x12 allowed

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LTVs up to 80% on purchases and 75% on cash-out refinances 

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No limit on cash out up to 60% LTV, over 60% LTV, max cash out $750k 

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DSCRs down to .75*

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Vesting in an entity (LLC, partnership, corporation) allowed 

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Min. 660 FICO 

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Flexible calculation methods for DSCR 

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Investment Properties 

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Short-term rentals allowed with minimum 1.0 DSCR 

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Loan Amounts up to $5MM**

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AirDNA may be utilized to calculate short term rental income on purchase transactions 

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Two years out of a credit event allowed 

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1–4-unit properties, warrantable condos, PUDs, certain mixed-use properties, and non-warrantable condos/condotels allowed 

* DSCR less than 1.00, greater than .75 = 5% reduction LTV

** Maximum loan amount exceptions on a case-by-case basis. Additional criteria may apply.

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