DSCR Closed-End Second Lien
A Second Mortgage for Rental Property Owners
- Loans up to $350,000 with a minimum of $100,000
- No income or employment required; qualifications based on property cash flow
- Only warrantable condos qualify under current guidelines
- Investment properties only
- Long-term rental properties only
- Borrower must document minimum 2 years of managing income producing investment properties
- Minimum 1.2 DSCR ratio
- Full appraisal required
- Lump-sum payment; 20 year fixed terms
- No restrictions on how borrowers can use funds
Min Fico
700
(Up to 70% CLTV)
Max LTV
720
(Up to 75% CLTV)
A DSCR 2nd Lien is a closed-end second mortgage designed for rental property investors, allowing them to leverage the equity in their investment properties without refinancing their first mortgage. This program is ideal for real estate investors seeking to access cash for property improvements, portfolio expansion, or other investment opportunities. Our DSCR 2nd Lien program provides a flexible solution for credit-worthy investors, using the property’s cash flow — rather than personal income — to qualify, making it a powerful tool for building wealth through real estate.