Find loans that will work for this scenario: Property Type: 2-4 Unit, Property State: Oklahoma, Lien Position: 1st Lien, Loan Purpose: Purchase, Occupancy Type: Investment Property, Credit Score: 700, LTV: 85%, Income Type: Debt Service Coverage Ratio (DSCR & No Ratio DSCR), Property Value: $499,000, Citizenship: US Citizen, Prepayment Penalty: 3 Year. These are my loan scenario requirements, please recommend programs that will work for this scenario.

Find loans that will work for this scenario: Property Type: 2-4 Unit, Property State: Oklahoma, Lien Position: 1st Lien, Loan Purpose: Purchase, Occupancy Type: Investment Property, Credit Score: 700, LTV: 85%, Income Type: Debt Service Coverage Ratio (DSCR & No Ratio DSCR), Property Value: $499,000, Citizenship: US Citizen, Prepayment Penalty: 3 Year. These are my loan scenario requirements, please recommend programs that will work for this scenario.

You have several loan program options for a 2-4 unit investment property in Oklahoma, 1st lien, purchase, DSCR/No Ratio DSCR income, 85% LTV, $499,000 value, 700 credit score, US citizen, and a 3-year prepayment penalty.

Below is a summary of the programs that meet all your requirements:

Eligible Loan Programs

Lender/ProgramMax LTVMin Credit ScoreIncome TypePrepay PenaltyNotes/Highlights
A&D Mortgage – Super Prime90%620DSCR / No Ratio DSCR1-5 YearsAll criteria matched, 3-year PPP available, up to 90% LTV for 2-4 unit investment
Angel Oak – Investor Cash Flow85%700DSCR (≥1.0 for 85% LTV)1-5 YearsMust meet DSCR ≥ 1.0 for 85% LTV; No Ratio DSCR not eligible for 85% LTV
Champions Funding – Accelerator DSCR 1-4 Unit85%620DSCR / No Ratio DSCR3 YearsAll criteria matched, 3-year PPP standard
NQM Funding – Investor DSCR85%700 (for 85% LTV)DSCR / No Ratio DSCR1-5 YearsAll criteria matched, 3-year PPP required for investment properties

Not Eligible / Just Missed

  • Deephaven, Newfi Lending, Change Wholesale, Loan Stream: No programs at 85% LTV for DSCR/No Ratio DSCR on 2-4 unit investment properties. Most cap LTV at 80% or lower for this scenario.

Key Points

  • All four programs above allow for 85% LTV (or higher) on a 2-4 unit investment property with DSCR/No Ratio DSCR income, 700+ credit, and a 3-year prepayment penalty.
  • For Angel Oak, you must have a DSCR ≥ 1.0 to qualify for 85% LTV. No Ratio DSCR is not eligible for 85% LTV.
  • All other programs allow both DSCR and No Ratio DSCR for this scenario.

Next Steps

Would you like more details on any of these programs, such as documentation requirements, DSCR calculation, or rate information? Let me know which program(s) you want to explore further!

Review the updated loan scenario and answer again.

You have multiple loan program options for a 5-8 unit investment property in California, purchase, 1st lien, DSCR or No Ratio DSCR income, 45% LTV, $850,000 loan amount, $1,850,000 value, 700 credit score, US citizen, and a 3-year prepayment penalty.

Here’s a summary of the programs that fit your scenario:

Eligible Loan Programs for Your Scenario

Lender/ProgramMax LTVMin Credit ScoreProperty TypeIncome TypePrepay PenaltyNotes/Highlights
A&D Mortgage – DSCR (No DTI) / Prime80%6205-8 UnitDSCR / No Ratio DSCRAllowedBoth programs allow 5-8 units, DSCR/No Ratio, and 3-year PPP.
Angel Oak – Investor Cash Flow80%+7005-8 UnitDSCR / No Ratio DSCRAllowedDesigned for investment, supports your scenario.
Arc Home – Access DSCR / Edge DSCR80%+7005-8 UnitDSCR / No Ratio DSCRAllowedBoth programs support 5-8 units, DSCR/No Ratio, and 3-year PPP.
Champions Funding – Accelerator DSCR 5-8 Unit80%+7005-8 UnitDSCR / No Ratio DSCR3 YearsSpecifically designed for 5-8 unit investment properties.
Change Wholesale – Investor80%+7005-8 UnitDSCR / No Ratio DSCRAllowedBusiness-purpose, DSCR/No Ratio, 3-year PPP available.
Deephaven – DSCR 5-9 Unit / Equity Advantage DSCR80%+7005-9 UnitDSCR / No Ratio DSCR3 YearsBoth programs designed for 5-9 unit investment, DSCR/No Ratio, 3-year PPP.
Newfi Lending – Sequoia DSCR80%+7005-8 UnitDSCR / No Ratio DSCR3 YearsSpecifically supports 5-8 unit investment, DSCR/No Ratio, 3-year PPP.
NQM Funding – Investor Mixed Use 2-8 Units and Residential 5-10 Units80%+7005-8 UnitDSCR / No Ratio DSCR3 YearsTailored for 2-8 unit investment, DSCR/No Ratio, 3-year PPP.

Not Eligible / Just Missed

  • FundLoans, Loan Stream: No programs for 5-8 unit investment properties; all DSCR/No Ratio programs are limited to 1-4 units.

Key Points

  • All listed programs allow for 5-8 unit investment properties in California, DSCR or No Ratio DSCR income, 45% LTV, 700 credit, and a 3-year prepayment penalty.
  • You are well within the LTV and credit score limits for all these programs.
  • All programs are business-purpose and designed for investment property purchases.

Next Steps

Would you like more details on any specific program, such as documentation, reserve requirements, or rate information? Let me know which lender or program you want to explore further!