New Loan Offering: DSCR Loans
February 24, 2023
DSCR loans are perfect for real estate investors wanting to expand their portfolio of rentals.
DSCR loans allow borrowers to use the market rent of the property to qualify, rather than their current income.
- 640+ FICO
- Up to 80% LTV
- Loan amounts up to $2M
- Finance up to 20 properties
- Eligible for investment property purchases, rate/term and cash-out refinances
- Minimum debt-service coverage area ratio (DSCR) of .80
- Appraisals from two different appraisers required for loans over $1.5M
- Minimum 2 months consecutive bank statements required
- Available in Florida only
- Minimum of 6 months reserves required
- Additional terms and conditions apply
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Bee is a leading Florida mortgage broker with over 10 Florida local offices that’s been featured heavily in the local and national news for its instant pre-approvals, low rates, fast closings, and new mobile technology. For more news and resources, click here.
