Single Property DSCR Program
EMx Lending offers DSCR (Debt Service Coverage Ratio) loans tailored for stabilized rental properties, providing flexible financing options with rates as low as 6%. The program is available for 1-4 unit properties, PUDs, townhomes, and warrantable condos.
Rates: Starting at 6% (based on borrower qualifications)
Max LTV: Up to 80% for purchases and rate-term refinances
Min FICO: 660 required for eligibility
Loan Amounts: From $75,000 to $2,000,000
Amortization Options: 30-year Fixed, ARM options (5/6, 7/6, 10/6), Interest-only periods available
DSCR Requirement: Minimum 1.1x based on rental income and PITIA
Reserve Requirements: 6-12 months of PITIA depending on loan size and borrower profile
Prepayment Penalties: Various options, including 1 to 5-year periods
State Restrictions: Not available in MN, ND, OR, SD, UT, and VT
Rental Portfolio DSCR Program
EMx Lending offers a DSCR loan program designed for rental property portfolios, offering flexible financing for seasoned investors. This program covers 1-4 unit properties, PUDs, townhomes, and warrantable condos.
Rates: Starting at 6% (based on borrower qualifications)
Max LTV: Up to 80% for purchases and rate-term refinances
Min FICO: 680 required for eligibility
Loan Amounts: From $100,000 to $2,000,000
Amortization Options: 30-year Fixed, ARM options (5/6, 7/6, 10/6), Interest-only periods available
DSCR Requirement: 1.1x for portfolios ≤10 properties; 1.2x for larger portfolios
Reserve Requirements: 9-12 months of PITIA depending on loan size and borrower profile
Prepayment Penalties: Various options, including step-down structures and yield maintenance (YM)
State Restrictions: Not available in MN, ND, OR, SD, UT, and VT
This program is ideal for experienced investors managing multiple properties, offering tailored financing to optimize portfolio performance and cash flow.
© Copyright 2024 EMx Lending. All rights reserved. Equal Housing Lender
EMx Lending arranges financing solely for business-purpose residential and multifamily property transactions. We do not offer consumer mortgages or loans for owner-occupied residences. As a private lender, EMx Lending operates under applicable state and federal regulations for business-purpose loans and is not required to obtain NMLS licenses in most states. Please consult with your legal and financial advisors to ensure compliance with your local lending regulations. All loans are subject to approval based on borrower qualifications and terms of the specific transaction.
Rates advertised are the lowest offered. Actual rates and offers may vary based on approval criteria, including but not limited to borrower FICO score, previous experience, period of ownership, and other factors. *At this time, we are unable to lend in Minnesota, North Dakota, Oregon, South Dakota, Utah, and Vermont.