What's the trade-off for no-ratio DSCR?

Name: Elite Fundings — California Mortgage Team
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (626) 833-7449
Price range: $$

Higher rate (typically 0.5–1% above standard DSCR), lower max LTV (70% vs 75–80%), and higher reserve requirements (12 months PITIA vs 6 months). For appreciation-play coastal California investors whose properties don't cash-flow at current rates, it's often the only path to close.

Investor & DSCR

DSCR

No-Ratio DSCR

DSCR loan with no minimum ratio requirement — higher rate, but closes even when rent doesn't cover PITIA.

Elite Fundings, a DBA of Vismar Corporation, NMLS #2046870.

This page is not a rate lock.

Apply for this program (626) 833-7449

680

Min FICO

75%

Max LTV

dscr

Docs

Ideal borrower

Investors in negative-cash-flow markets betting on appreciation.

Program highlights

No minimum DSCR
Useful for high-appreciation markets (coastal CA)
Higher rate vs. standard DSCR

Typical uses

Coastal CA rentals with sub-1.0 DSCR

Frequently asked questions

What's the trade-off for no-ratio DSCR?: Higher rate (typically 0.5–1% above standard DSCR), lower max LTV (70% vs 75–80%), and higher reserve requirements (12 months PITIA vs 6 months). For appreciation-play coastal California investors whose properties don't cash-flow at current rates, it's often the only path to close.

Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. This site does not quote a rate or APR you can lock. A rate, APR, and terms depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors, and come from a licensed loan officer. Not all applicants will qualify.