6 unit

For a 6-unit property, the following loan programs are available:

• Prime Program and DSCR (No DTI) Program from A&D Mortgage.
• DSCR Borrowing Entity Program from Deephaven.

Key Details:

1. A&D Mortgage:

   • Prime Program: Designed for borrowers with good credit history and allows 5-8 unit properties.
   • DSCR (No DTI) Program: Focuses on the property's cash flow rather than the borrower's personal income, also allowing 5-8 unit properties.

2. Deephaven:

   • DSCR Borrowing Entity Program: Tailored for investment or non-owner-occupied properties, focusing on the property's income potential. Supports 5-8 unit properties.

Let me know if you'd like more details about any of these programs!

You are not eligible for a DSCR or No Ratio DSCR loan with Deephaven for a 6-unit property, $40,000 loan amount, and 640 FICO score.

Why This Scenario Is Ineligible:

• Property Type: Deephaven’s DSCR programs do not allow 6-unit properties (they only allow up to 2-4 units).
• Minimum Loan Amount: The minimum loan amount for DSCR programs is $100,000—your $40,000 request is below this threshold.
• Credit Score: The minimum FICO required is 660 or 680, but your score is 640.

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Next Steps:

• If you can increase your loan amount, improve your credit score, or are considering a different property type, let me know and I can check for other options.
• If you have a different lender in mind or want to explore other non-DSCR programs, please specify.

Would you like to adjust any of your criteria to see if you might qualify elsewhere?

You do not qualify for a DSCR or No Ratio DSCR loan with Deephaven for a 6-unit property, $40,000 loan amount, and 640 FICO score.

Main Reasons for Ineligibility

Requirement	Your Scenario	Program Requirement	Result
Property Type	6-unit property	Max 4 units (SFR, Townhome, 2-4)	Not eligible
Credit Score	640	Minimum 680	Not eligible
Loan Amount	$40,000	No minimum stated, but FICO too low	Not eligible
Income Type	DSCR/No Ratio	Allowed	Eligible

Key Points:

• Only SFR, townhome, and 2-4 unit properties are eligible for Deephaven’s DSCR programs.
• The minimum FICO required is 680.
• Your loan amount and FICO do not meet the program’s requirements.

If you want to explore other property types, higher credit scores, or different loan amounts, let me know and I can check for other options!

No available lender currently offers a DSCR or No Ratio DSCR loan for a 6-unit property with a $40,000 loan amount and a 640 FICO score.

Summary Table: Eligibility by Lender

Lender	Max Units Allowed	Min Loan Amount	DSCR/No Ratio DSCR	640 FICO Eligible	Eligible for Scenario?	Main Issues
NQM Funding	4	$125,000	No	Yes (some programs)	No	Exceeds unit count, loan too low
Loan Stream	4	$250,000 (DSCR)	Yes	Yes	No	Exceeds unit count, loan too low
Forward Lending	4	$100,000–$250,000	Yes	Yes	No	Exceeds unit count, loan too low
The Loan Store	4	$100,000	No	Yes	No	Exceeds unit count, loan too low, DSCR not supported

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Key Reasons for Ineligibility

• Number of Units: All available programs cap at 4 units for DSCR/No Ratio DSCR loans.
• Loan Amount: Minimum loan amounts start at $100,000 or higher.
• Income Type: Some programs do not support DSCR/No Ratio DSCR for 6-unit properties.
• Credit Score: Your FICO is at or above the minimum for some programs, but other factors disqualify the scenario.

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Next Steps

• If you can adjust your property to 1–4 units or increase your loan amount, more options may become available.
• If you want to explore other loan types or have different documentation, let me know your updated scenario.

Would you like to see options for a different property type, higher loan amount, or another income documentation method?

No available lenders currently offer a DSCR or No Ratio DSCR loan for a 6-unit property with a $40,000 loan amount and a 640 FICO score.

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Lender-by-Lender Summary

Lender	Max Units Allowed	Min Loan Amount	DSCR/No Ratio DSCR	640 FICO Eligible	Eligible for Scenario?	Main Issues
LendingPros	8 (DSCR 5-8 Unit)	$75,000	Yes	Yes	No	No programs currently available; loan amount too low
Newrez Wholesale	4	$100,000+	Yes	Yes	No	Max 4 units; 6-unit not eligible

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Key Reasons for Ineligibility

• Number of Units: Newrez Wholesale only allows up to 4 units for DSCR programs.
• Loan Amount: LendingPros requires a minimum of $75,000 for DSCR 5-8 unit programs, but currently has no available programs.
• No Exceptions: Neither lender lists exceptions or alternatives for your scenario.

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What You Can Do Next

• If you can adjust your property to 4 units or fewer, or increase your loan amount, more options may become available.
• If you want to explore other loan types or have different documentation, let me know your updated scenario.

Would you like to see options for a different property type, higher loan amount, or another income documentation method?

Currently, there are no available lenders offering a DSCR or No Ratio DSCR loan for a 6-unit property with a $40,000 loan amount and a 640 FICO score.

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Why Your Scenario Is Not Eligible

Lender	Max Units Allowed	Min Loan Amount	DSCR/No Ratio DSCR	640 FICO Eligible	Eligible?	Main Issues
All Available	4–8 (if offered)	$75,000+	Yes (if offered)	Yes (some)	No	Loan amount too low, 6-unit not supported, or no active program

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Key Points:

• Loan Amount: All DSCR programs require a minimum loan amount higher than $40,000 (typically $75,000 or more).
• Property Type: Most programs cap at 4 units, and those that allow 5–8 units have no active programs or require higher loan amounts.
• Credit Score: 640 FICO is at or above the minimum for some programs, but other factors disqualify the scenario.

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Next Steps

• If you can increase your loan amount to at least $75,000 and/or consider a property with 4 units or fewer, more options may become available.
• If you want to explore other loan types or have different documentation, please provide updated details.

Would you like to adjust your scenario or see options for a different property type, higher loan amount, or another income documentation method?

There are no DSCR or No Ratio DSCR loan programs available for a $40,000 loan amount with The Loan Store or any currently supported lender.

Key Points:

• The Loan Store does not offer DSCR or No Ratio DSCR loans for $40,000.
• Their minimum loan amount for DSCR programs is $100,000 or higher.
• Other available programs (like USDA or Bank Statement/Flex Income Non-QM) do not support DSCR or No Ratio DSCR income types.

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Next Steps:

• If you can increase your loan amount to at least $100,000, more DSCR options may become available.
• If you want to explore other loan types or have a different scenario, let me know your updated details.

Would you like to see options for a different loan amount, property type, or income documentation method?

No, The Loan Store does not offer DSCR or No Ratio DSCR loan programs for a $40,000 loan amount. The minimum loan amount for their DSCR/Flex Income Non-QM program is $100,000.

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Key Details

Program Name	Min Loan Amount	Min FICO	Property Types Allowed	Exceptions to Min Loan Amount?
Bank Statement / Flex Income Non-QM	$100,000	640	1-4 unit SFR, Condo, PUD	None

• Credit Score: Your 640 FICO would be eligible if the loan amount met the minimum.
• Property Types: 1-4 unit single-family, condos, and PUDs are allowed. 6-unit and commercial properties are not eligible.
• No exceptions to the $100,000 minimum loan amount for DSCR or No Ratio DSCR loans.

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If you can increase your loan amount to at least $100,000, you may qualify. Let me know if you want to explore other loan types, property types, or have a different scenario!

You are not eligible for a DSCR or No Ratio DSCR loan with The Loan Store for a $40,000 loan amount and a 620 credit score.

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Key Reasons

• Minimum Loan Amount: The Loan Store requires at least $100,000 for DSCR loans.
• Minimum Credit Score: The minimum FICO for DSCR programs is 660.
• Your Scenario: $40,000 loan amount and 620 FICO do not meet these requirements.

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What You Can Do Next

• If you can increase your loan amount to $100,000 or more and raise your credit score to at least 660, you may have options.
• If you want to explore other loan types or have a different scenario, let me know your updated details.

Would you like to see options for a different loan amount, property type, or income documentation method?

You are not eligible for a DSCR or No Ratio DSCR loan with The Loan Store for a $300,000 loan amount and a 620 credit score.

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Key Reasons

Requirement	Your Scenario	Program Requirement (The Loan Store)	Result
Loan Amount	$300,000	$100,000 minimum	Eligible
Credit Score (FICO)	620	660 minimum	Not eligible
Income Type	DSCR	Allowed	Eligible
Property Type	Not specified	1-4 unit SFR, Condo, PUD	Not specified

• Minimum FICO: The Loan Store requires a minimum credit score of 660 for DSCR/Flex Income Non-QM loans.
• Loan Amount: Your $300,000 request meets the minimum.
• Property Type: Only 1-4 unit SFR, condos, and PUDs are eligible (not specified in your scenario).

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Next Steps

• If you can raise your credit score to at least 660, you may qualify.
• If you want to explore other loan types, property types, or have a different scenario, let me know your updated details.

Would you like to see options for a different credit score, property type, or income documentation method?

The Loan Store does not offer reverse mortgage programs.

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Key Points

• Reverse mortgages are not available through The Loan Store or any currently supported lender on this platform.
• The Loan Store focuses on Non-QM, DSCR, and other alternative documentation loan programs, but not reverse mortgages.

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Next Steps

• If you are interested in other loan types (such as DSCR, Bank Statement, or Non-QM loans), let me know your scenario and I can help you find options.
• If you specifically need a reverse mortgage, you may need to contact a lender that specializes in FHA Home Equity Conversion Mortgages (HECM) or proprietary reverse mortgage products.

Would you like to explore other loan options or have questions about a different loan type?

The Loan Store does not currently offer second mortgage or HELOC (Home Equity Line of Credit) programs.

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Key Points

• Second mortgages and HELOCs are not available through The Loan Store or any currently supported lender on this platform.
• The Loan Store specializes in Non-QM, DSCR, and alternative documentation first mortgage programs.

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Next Steps

• If you are interested in other loan types (such as DSCR, Bank Statement, or Non-QM first mortgages), let me know your scenario and I can help you find options.
• If you specifically need a second mortgage or HELOC, you may need to contact a lender that specializes in those products.

Would you like to explore other loan options or have questions about a different loan type?

Short answer

VA doesn’t really grant “exceptions” the way some non-QM lenders do. On manual underwrites, approval hinges on meeting VA’s residual income test and overall credit risk, with the underwriter using compensating factors to approve when ratios or other elements are stretched.

What can help get a manual UW approved

• Meet or exceed VA residual income by region/family size (120%+ of guideline is a strong compensating factor).
• Strong liquid reserves (typically 3–6+ months PITIA).
• Limited payment shock (generally ≤5% or ≤$100).
• Stable employment and verified income history (2+ years).
• Clean recent housing history (0x30 in past 12 months).
• Minimal consumer debt growth; conservative use of credit.
• Large down payment (not required for VA, but helps risk).
• Additional verifiable income not used to qualify (e.g., overtime/bonus with shorter history).

Common manual underwriting guardrails

• DTI: No hard cap, but >41% usually requires strong compensating factors plus residual income at/above guideline.
• Residual income: Must meet VA table by region and family size; shortfalls generally aren’t approved without very strong offsetting strengths.
• Credit: Explain any recent lates/derogs; BK/FC/short sale typically need seasoning and full documentation of re‑established credit.
• Collections/charge‑offs: Often no payoff required unless they impact residual/DTI or reflect unresolved risk; explanations may be needed.
• Student loans: A qualifying payment must be included (policy varies—actual payment or a VA-prescribed calculation if none is reported).
• Housing history: VOR usually required (12 months).
• Non‑traditional credit: Allowed when no scores, but requires solid alternative tradelines.

If you want lender-specific overlays and what they’ll permit on manual VA, share your scenario:

• Property state, unit type, and occupancy
• Loan amount and est. value (LTV/CLTV)
• Credit profile (scores, housing history, BK/FC history)
• Income/employment and debts
• Household size (for residual income)