Jacob Trogan 1239 Pennsylvania

Short answer

Yes. Several of your selected lenders offer DSCR loans in Kansas with no prepayment penalty. A few even require “No Prepay” in KS. One lender (LoanStream) requires a prepay penalty and cannot meet your “no penalty” requirement.

Kansas DSCR — Prepayment Penalty Options by Lender

Lender	Program(s)	KS Eligible	No Prepay Option in KS
Angel Oak	Investor Cash Flow	Yes	Available (choose “No Penalty”)
Arc Home	Access DSCR, Edge DSCR	Yes	Required/available in KS (No Penalty)
Change Wholesale	Investor	Yes	Available; penalties not allowed in KS
Deephaven	DSCR, Equity Advantage DSCR	Yes	Available (No Penalty option)
NQM Funding	DSCR Supreme, Investor DSCR No Ratio, Mixed/Multi 5–10 Unit	Yes	Available via buydown (pricing hit)
The Lender	NONI and related	Yes	Required (No Penalty only in KS)
WMD	Nitro DSCR 1–4 Unit	Yes	Required/available in KS (No Penalty)
AmWest	Investor Advantage	Yes	Available (0-year/No Penalty option)
FundLoans	Spectrum+	Yes	Available (No Penalty option)
Loan Stream	[Core/Select/Sub1/DSCR/No Ratio DSCR]	Yes	Not available; minimum 3-year PPP required [2][1]

Key takeaway: You can get DSCR in Kansas with no prepayment penalty from most lenders above. LoanStream is the notable exception (requires PPP).

If you share property type, occupancy, loan purpose, target loan amount, FICO, LTV, and DSCR (or confirm No-Ratio), I’ll narrow to the best-priced “No Prepay” options and show rate/cost impacts.

Short answer

Yes. Some selected lenders do allow a prepayment penalty (PPP) on Kansas DSCR loans, while others prohibit it. See lender-by-lender status below.

Kansas DSCR — PPP allowance by lender

Lender	Program(s)	PPP allowed in KS?	Notes
Angel Oak	Investor Cash Flow	Yes	Standard PPP options available; KS not on “5% PPP” list [6][1]
Arc Home	Access DSCR, Edge DSCR	No	KS is on the “no PPP” state list (must use No Penalty)
Change Wholesale	Investor	No	KS prohibits PPP for this program
Deephaven	DSCR, Equity Advantage DSCR	Yes	PPP permitted for business‑purpose NOO; No‑Penalty also available
NQM Funding	DSCR Supreme, Investor DSCR No Ratio, Mixed/Multi 5–10	Yes	PPPs permitted; can buydown/remove with LLPA [19]
LoanStream	DSCR suite (Core/Select/Sub1/No Ratio/Fusion)	Yes	PPP required where allowed; KS not listed as prohibited [1-2]
The Lender	NONI and variants	No	KS requires No Penalty
Wholesale Mortgage Direct	Nitro DSCR 1–4 Unit	No	KS marked as no‑PPP state
AmWest	Investor Advantage	No	KS under “Prepayment Penalties Not Allowed” [8]
FundLoans	Spectrum+, SPECTRUM ELITE	No	KS listed as no‑PPP state [85][2]

Key takeaway: PPP in Kansas is available with Angel Oak, Deephaven, LoanStream, and NQM Funding. Other listed lenders require “No Penalty” for KS.

Want me to price KS DSCR with and without PPP for those lenders? If yes, please share property type, occupancy, purpose, loan amount, FICO, LTV, and DSCR (or confirm No‑Ratio).

Short answer

To maximize pricing with a PPP in Kansas at 80% LTV, you’ll want Angel Oak, Deephaven, LoanStream, or NQM Funding. All allow PPP in KS and can do 80% LTV when leased with DSCR ≥1.25. If the property is vacant at closing, most cap LTV at 70%.

KS DSCR — Which lenders fit 80% LTV with PPP

Lender	PPP in KS	80% LTV if leased (R/T)	Vacant at closing (R/T)	Notes
Angel Oak	Yes [6]	Yes at DSCR ≥1.00 (you’re ≥1.25) [1]	Max 70% LTV (≥720 FICO) [1]	PPP 1–5 yr options; longer PPP = better price
Deephaven	Yes [1]	Yes at your metrics	Max 70% LTV; vacant allowed, DSCR rules apply [1]	Step‑down PPP or No‑PPP
LoanStream	Yes; PPP generally required [1]	Yes on Select DSCR if leased [1]	Max 70% LTV; at 80% it would be ineligible [2]	3- or 5‑yr PPP typical
NQM Funding	Yes; PPP required [51]	Yes on DSCR Supreme (80% at 740) [29]	Refi must be leased; vacant generally ineligible (limited exceptions) [31]	No‑Ratio R/T max 75%
Change Wholesale	No (KS)	R/T max 75% (no PPP) [1]	Max 65% LTV [24]	Doesn’t meet “max PPP” goal
Arc Home	No (KS) [11]	Yes to 80% (no PPP)	Vacant allowed (market rent + LOE)	No PPP in KS
AmWest	No (KS) [8]	Up to 80% (no PPP)	Vacant allowed via market rent	No PPP in KS
The Lender	No (KS)	80% only if leased; vacant capped at 70%	70% LTV cap when vacant	KS requires No‑PPP
WMD	No (KS) [1]	80%+ allowed by matrix (no PPP)	Market rent if no lease	No PPP in KS
FundLoans	Yes, but min loan is $300k (ineligible at ~$106k) [1]	N/A	N/A	Your loan size is too small

Key takeaway: For best pricing with a max PPP at 80% LTV, target Angel Oak, Deephaven, LoanStream, or NQM Funding—and have a lease in place by closing. If it closes vacant, plan on a 70% LTV cap for most of these.

What I need to price it now

• Exact loan amount (80% of $133k is ~$106,400)
• Estimated PITIA and any HOA (to confirm DSCR ≥1.25 and price buckets)
• Desired term (30‑yr fixed vs ARM) and interest‑only or not
• PPP preference (max 5‑yr OK?)
• Will it be leased by closing? If yes, monthly lease amount and can we document 2–3 months’ receipts?

If you share those, I’ll return side‑by‑side pricing (leased at 80% with max PPP vs vacant at 70% with max PPP) for Angel Oak, Deephaven, LoanStream, and NQM Funding.

Here you go:

• Principal & Interest (30‑yr fixed, $106,400 at 6.7%): $686.99/mo
• Taxes + Insurance (each $1,300/yr): $216.67/mo total
• Total PITIA (no HOA): $903.66/mo

With $1,350 market rent, DSCR ≈ 1.49.

Got it. To run pricing I need a few quick inputs:

• Price both scenarios? 1) Leased at closing (80% LTV) and 2) Vacant at closing (70% LTV)
• Lock period: 30 or 45 days?
• Points: target pricing at par (0 points) or are you open to paying points to lower rate?
• Broker comp: borrower‑paid or lender‑paid (and %)?
• Escrows for taxes/insurance: yes?
• 5‑year PPP step‑down (5/4/3/2/1) acceptable?

I’ll price Angel Oak, Deephaven, LoanStream, and NQM Funding once you confirm.

Short answer

At 80% LTV with a 5‑year PPP and a 45‑day lock, your best pricing targets are Angel Oak, Deephaven, and LoanStream. NQM Funding can’t do 80% at your loan size; others either don’t allow PPP in KS or miss minimum loan amounts. Live rate sheets are needed to confirm the exact rebate at your chosen rate.

KS DSCR — 80% LTV with max PPP (45‑day, lender‑paid 1.5% YSP target)

Lender	PPP in KS	Eligible @ 80% LTV, $106.4k	Small‑Balance Hit	Appraisal Transfer	Notes
Angel Oak	Yes	Yes (DSCR ≥1.00; you’re ~1.49) [1]	Yes (<$125k) [1]	Yes; AMC + AIR docs [7]	5‑yr PPP available; pricing credit varies [6]
Deephaven	Yes	Yes	Yes (near $100k)	Yes; AIR, valid 120 days	5‑yr step‑down PPP improves YSP (recommended)
LoanStream	Yes (min 3‑yr; 5‑yr OK) [1]	Yes (Core DSCR) [1]	Yes	Yes; ≤120 days	Select/Sub1 not eligible at 80%
AmWest	Indicated allowed	Yes	Likely	Yes	May require property be vacant at closing for Investor Advantage—confirm if leasing by COE
NQM Funding	Yes	No at 80% (loan $100k–<$125k caps LTV to 75%)	Yes	Yes	Needs value increase or lower LTV [29]
Arc Home	No (KS)	Yes at 80% but must be No‑PPP	Yes	Yes	If PPP is mandatory for you, skip
Change Wholesale	No (KS)	Ineligible (min $125k) [1]	—	—	—
WMD	No (KS)	Nitro ineligible (min $125k); Keystone may fit No‑PPP	—	Yes	Not for PPP [1]
The Lender	No (KS)	Yes at 80% but No‑PPP	Yes	Yes	Not for PPP

Key takeaway: Price with Angel Oak, Deephaven, and LoanStream (max 5‑yr PPP) for best shot at ~1.5% YSP on a 45‑day lock; expect a small‑balance hit at ~$106k.

Next step

I can pull today’s live rate sheets and return exact note rates/rebates at 45‑day lock with a 5‑yr PPP and lender‑paid comp. Proceed to run live pricing now?

Short answer

At 80% LTV in Kansas with a 5‑year PPP and a 45‑day lock, only Deephaven and LoanStream fit. Angel Oak limits KS to a 3‑year PPP, and NQM Funding caps you to 75% LTV at your $106.4k balance.

Who can price your exact request (80% LTV, KS, 5‑yr PPP, 45‑day, lender‑paid 1.5% YSP)

Lender	KS PPP	5‑yr PPP	80% LTV @ $106.4k	Vacant cap	Appraisal transfer	Notes
Deephaven	Allowed	Yes	Yes	70% if vacant	Yes; AIR; ~120 days [1]	DSCR ≥1.25 and 740 FICO OK
LoanStream (Core DSCR)	Required	Yes	Yes	70% if vacant [2]	Yes (AIR)	Min loan ≥$100k; you qualify [1]
Angel Oak (ICF)	Allowed	No (KS max 3‑yr) [6]	Yes	70% if vacant [2]	Yes (AIR)	Can price only with 3‑yr PPP
NQM Funding (Investor DSCR)	Allowed	Yes	No (≤75% LTV if $100k–<$125k)	Must be leased	Yes (AIR)	Small‑balance cap [29]
AmWest / Arc / Change / The Lender / WMD	KS: No‑PPP	—	—	—	Yes	PPP not allowed in KS [8][11][10][1]

Key takeaway: For max PPP pricing at 80% LTV, we’ll price Deephaven and LoanStream. If you’re open to a 3‑yr PPP, we can add Angel Oak.

Next step to deliver exact rebate at your 6.7% target

• I’ll pull today’s Deephaven and LoanStream rate sheets (45‑day lock, lender‑paid comp) and return the note rate/rebate grid including the 5‑yr PPP credit, small‑balance adjuster, and DSCR tier.
• Confirm: Will the property be leased by closing? (Needed to keep 80% LTV; otherwise capped at 70% for both.)

Answer

At 80% LTV in Kansas with a 5‑year PPP, the two lenders that fit are Deephaven and LoanStream. Angel Oak caps KS PPP to 3 years; NQM Funding caps LTV to 75% at your $106.4k balance.

45‑day lock, 5‑yr PPP, lender‑paid 1.5% YSP (target), 30‑yr fixed at 6.7%

Lender	Eligible @ 80% LTV	KS PPP	Indicative rebate at 6.7%	Small‑balance hit	Appraisal transfer
Deephaven DSCR	Yes (740/≥1.25 DSCR)	Allowed (5/4/3/2/1)	Likely supports ~1.5% LPC at/near 6.7% (confirm live) [1]	Applies	Accepted (AIR) [1]
LoanStream Core DSCR	Yes	Allowed (min 3‑yr; 5‑yr OK)	Est. ~0.25–0.75 pts at 6.7% after hits; may need a slightly higher rate to cover full 1.5% LPC [1]	Applies	Accepted (AIR)
Angel Oak ICF	Yes	KS limited to 3‑yr PPP (not 5‑yr) [6]	Near‑par possible at 6.7% with small‑balance hit [1]	Applies	Accepted (AIR)
NQM Funding Investor DSCR	Max 75% LTV at $100k–<$125k	Allowed	—	Applies	Accepted (AIR)

Key takeaways

• Deephaven: strongest fit for 5‑yr PPP at 80% LTV; 6.7% may cover your 1.5% LPC—must confirm on today’s sheet. ^[1]
• LoanStream: 6.7% may not generate a full 1.5% rebate; expect to bump rate slightly if you need full 1.5% LPC. ^[1]
• Angel Oak works only if you accept a 3‑yr PPP. ^[6]

DSCR and lease notes (you’re leased by COE)

• Your PITIA ≈ $903.66/mo; market rent $1,350 → DSCR ≈ 1.49 (meets ≥1.25).
• Deephaven uses the lesser of 1007 market rent or lease; using a lease higher than 1007 requires 3 months’ rent history (first month + deposit isn’t enough) ^[1].

Appraisal transfers (required by you)

• Deephaven, Angel Oak, LoanStream: Accepted with AIR‑compliant chain, transfer letter, SSRs; typical age ≤120 days; collateral review/CDA may apply ^[1][7][1].

Do you want me to pull today’s live rate sheets for Deephaven and LoanStream at 6.7% and also show the exact rate that yields 1.50% rebate on each?