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DSCR Rental Loan
1–4 unit rental. The rent is the qualifying income.
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Investors. The rent has to carry the payment.
On a 1–4 unit rental, DSCR uses the property's rent against the payment. It does not use your W-2. A house you will live in is not a DSCR loan. A 5-plus unit building is not a loan this shop originates.
Elite Fundings brokers 1–4 unit investor loans. Portfolio and short-term rental overlays are confirmed on the file.
A house you will live in is not DSCR. A 5-plus unit building is not an application.
Programs that match this borrower
Vismar Corporation dba Elite Fundings, NMLS #2046870. A program link explains the loan. It is not a rate quote and not a pre-approval.
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DSCR Cash-Out Refinance
Cash-out on a rental that still meets the DSCR test.
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Reviewed on the file
DSCR 2nd Lien / HELOC
A second on a rental. Separate overlay from the first lien.
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Reviewed on the file
No-Ratio DSCR
For a property that does not clear a 1.0 ratio. Not a workaround for a house you live in.
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Reviewed on the file
Short-Term Rental DSCR (Airbnb)
Short-term rental income. The city has to allow the rental.
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Reviewed on the file
Portfolio Loan (5+ Properties)
Five or more rental properties on one loan. This is not a 5-plus unit apartment building.
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Questions from this borrower
Can I use DSCR on a house I will live in?
No. DSCR on this site is investment occupancy. Owner-occupied is a different stack.
Do you originate a 5-plus unit building?
No. We originate houses and 2–4 unit loans. The commercial pages explain other products. They are not an application.
Is the DSCR calculator an approval?
No. It shows rent against the payment. Taxes, insurance, and the wholesaler test are confirmed on the file.