Find loans that will work for this scenario: Property Type: Townhome, Property State: Florida, Lien Position: 1st Lien, Loan Purpose: Cash Out, Occupancy Type: Investment Property, Credit Score: 640, LTV: 75%, Loan Amount: $213,750, Income Type: Debt Service Coverage Ratio (DSCR & No Ratio DSCR), Property Value: $285,000, Citizenship: US Citizen, Prepayment Penalty: No Penalty. These are my loan scenario requirements, please recommend programs that will work for this scenario.

You have several loan program options for your scenario: Florida townhome, 1st lien, cash out, investment property, $213,750 loan, 75% LTV, 640 credit score, DSCR/No Ratio income, US citizen, and no prepayment penalty.

Here are the programs that fit your requirements:

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Eligible Loan Programs

Lender/Program	Min Credit Score	Max LTV	DSCR Requirement	Prepay Penalty	Notes	Link
A&D Mortgage – DSCR (No DTI)	620	75% (FL)	No Ratio OK	No Penalty	Fully matches all criteria	DSCR (No DTI)
Angel Oak – Portfolio Select	640	80%	DSCR/No Ratio	No Penalty	All criteria matched	Portfolio Select
Arc Home – Access DSCR	620	75% (cash out, townhome)	DSCR/No Ratio	No Penalty	All criteria matched	Access DSCR
Newfi Lending – Sequoia DSCR	640	75% (cash out)	DSCR ≥ 1.0	No Penalty	DSCR must be at least 1.0	Sequoia DSCR
NQM Funding – Investor DSCR	640	75% (cash out)	DSCR/No Ratio	No Penalty	All criteria matched	Investor DSCR
Loan Stream – Select DSCR	640	75%	DSCR ≥ 1.25	No Penalty	Stricter DSCR ratio	Select DSCR
Loan Stream – Sub1 DSCR	640	70% (FL townhome)	DSCR < 1.0 (No Ratio)	No Penalty	More flexible DSCR	Sub1 DSCR

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Key Points

• All programs above allow for no prepayment penalty, DSCR/No Ratio income, and meet your property, loan, and credit requirements.
• Some programs require a minimum DSCR (e.g., Newfi Lending and Loan Stream Select DSCR), while others allow for No Ratio (DSCR < 1.0).
• If your property’s DSCR is below 1.0, focus on programs that allow No Ratio (A&D Mortgage, Arc Home, NQM Funding, Loan Stream Sub1 DSCR).
• Champions Funding, Change Wholesale, and Deephaven do not have eligible programs for your scenario due to either prepayment penalty requirements or minimum credit score.

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Next Steps

• If you know your property’s DSCR, you can narrow down the best fit.
• Would you like a side-by-side comparison of program features, or details on rates, documentation, or DSCR calculation for any specific program?

Let me know if you want more details on any of these options!

Here’s a side-by-side comparison of the top DSCR/No Ratio loan programs that fit your scenario.

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DSCR/No Ratio Investment Property Cash-Out Programs (Florida Townhome, 1st Lien, 75% LTV, 640 FICO, No Prepay Penalty)

Lender / Program	Min FICO	Max LTV	Min DSCR	No Ratio Allowed	Loan Amount Range	Prepay Penalty	Notes	[Link]
A&D Mortgage – DSCR (No DTI)	620	75%	None	Yes	$75,000–$3,000,000	Not required	No ratio OK, flexible on DSCR	DSCR (No DTI)
Angel Oak – Portfolio Select	640	80%	None	Yes	$75,000–$2,500,000	Not required	No ratio OK, flexible on DSCR	Portfolio Select
Arc Home – Access DSCR	620	75%	None	Yes	$75,000–$2,000,000	Not required	No ratio OK, flexible on DSCR	Access DSCR
Newfi Lending – Sequoia DSCR	640	75%	1.00	No	$75,000–$2,000,000	Not required	DSCR must be ≥ 1.0	Sequoia DSCR
NQM Funding – Investor DSCR	640	75%	None	Yes	$75,000–$3,000,000	Not required	No ratio OK, flexible on DSCR	Investor DSCR
Loan Stream – Select DSCR	640	75%	1.25	No	$250,000+	Not required	DSCR must be ≥ 1.25	Select DSCR
Loan Stream – Sub1 DSCR	640	70%	<1.0	Yes	$250,000+	Not required	For DSCR < 1.0, max LTV 70%	Sub1 DSCR

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Key Differences

• No Ratio Allowed: Most programs allow for No Ratio (DSCR < 1.0), except Newfi Lending Sequoia DSCR and Loan Stream Select DSCR, which require a minimum DSCR.
• Max LTV: Most programs allow 75% LTV; Angel Oak allows up to 80% (but confirm for cash-out and investment property). Loan Stream Sub1 DSCR is capped at 70% LTV for No Ratio.
• Loan Amount: All programs cover your requested loan amount.
• Prepayment Penalty: All programs can be structured with no prepayment penalty.
• DSCR Requirement: If your property’s DSCR is below 1.0, focus on A&D Mortgage, Angel Oak, Arc Home, or NQM Funding.

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Recommendations

• If your property’s DSCR is 1.0 or higher, you can use any program except Loan Stream Sub1 DSCR.
• If your property’s DSCR is below 1.0 (No Ratio), use A&D Mortgage, Angel Oak, Arc Home, or NQM Funding.
• If you want the highest LTV, Angel Oak may be an option (verify for cash-out).

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Would you like more details on rates, documentation, or a deeper dive into any specific program?

Based on your scenario, the programs listed above are the only available options from all supported lenders that meet every one of your requirements.

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Why These Are the Only Options

• All other lenders/programs either:
  • Do not offer DSCR/No Ratio loans for investment properties,
  • Require a higher minimum credit score,
  • Do not allow cash-out for investment properties,
  • Do not allow a no prepayment penalty option,
  • Or do not support your property type, state, or loan amount.

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Summary Table of Eligible Lenders/Programs

Lender / Program	DSCR/No Ratio	Min FICO	Max LTV	No Prepay Penalty	Cash Out	Investment Property	[Link]
A&D Mortgage – DSCR (No DTI)	Yes	620	75%	Yes	Yes	Yes	DSCR (No DTI)
Angel Oak – Portfolio Select	Yes	640	80%	Yes	Yes	Yes	Portfolio Select
Arc Home – Access DSCR	Yes	620	75%	Yes	Yes	Yes	Access DSCR
Newfi Lending – Sequoia DSCR	Yes (DSCR ≥ 1.0)	640	75%	Yes	Yes	Yes	Sequoia DSCR
NQM Funding – Investor DSCR	Yes	640	75%	Yes	Yes	Yes	Investor DSCR
Loan Stream – Select DSCR	Yes (DSCR ≥ 1.25)	640	75%	Yes	Yes	Yes	Select DSCR
Loan Stream – Sub1 DSCR	Yes (DSCR < 1.0)	640	70%	Yes	Yes	Yes	Sub1 DSCR

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If your scenario changes (for example, a higher credit score, different income documentation, or willingness to accept a prepayment penalty), more options may become available.

If you have any flexibility in your requirements or want to explore other loan types (like bank statement or full doc), let me know and I can check for additional options!

Certainly! Here’s a simple, client-friendly email summarizing the options:

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Subject: Investment Property Cash-Out Loan Options

Hi [Client Name],

I’ve researched loan options for your investment property cash-out refinance in Florida. Here’s a summary of programs that fit your needs (townhome, 1st lien, $213,750 loan, 75% LTV, 640 credit score, DSCR/No Ratio income, and no prepayment penalty):

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Top Loan Program Options

Lender/Program	Minimum Credit Score	Max LTV	DSCR Requirement	No Prepay Penalty	Notes
A&D Mortgage – DSCR (No DTI)	620	75%	No minimum (No Ratio allowed)	Yes	Very flexible on income
Angel Oak – Portfolio Select	640	80%	No minimum (No Ratio allowed)	Yes	May allow higher LTV
Arc Home – Access DSCR	620	75%	No minimum (No Ratio allowed)	Yes	Flexible on DSCR
Newfi Lending – Sequoia DSCR	640	75%	DSCR must be at least 1.0	Yes	For properties with positive cash flow
NQM Funding – Investor DSCR	640	75%	No minimum (No Ratio allowed)	Yes	Flexible on DSCR
Loan Stream – Select DSCR	640	75%	DSCR must be at least 1.25	Yes	For strong cash flow properties
Loan Stream – Sub1 DSCR	640	70%	DSCR below 1.0 allowed	Yes	Lower LTV for No Ratio

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Key Points:

• All options allow for no prepayment penalty and use property cash flow (DSCR) or even “No Ratio” (no minimum cash flow required) for qualification.
• If your property’s rental income covers the mortgage (DSCR ≥ 1.0), you can use any program. If not, focus on the “No Ratio” options.
• Maximum loan-to-value is generally 75%, with one option up to 80% (Angel Oak).

Let me know if you’d like more details on any of these programs, or if you want to discuss next steps!

Best regards,
[Your Name]
[Your Contact Info]

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Let me know if you want to personalize or adjust this further!

You have multiple DSCR and No Ratio loan options for your Florida investment townhome cash-out scenario ($213,750, 75% LTV, 640 FICO, no prepayment penalty).

Below is a side-by-side comparison of all eligible programs from each lender:

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DSCR/No Ratio Investment Property Cash-Out Programs

Lender / Program	Min FICO	Max LTV	DSCR/No Ratio	Min Loan Amount	Prepay Penalty	Notes	[Link]
FundLoans – Spectrum+ / Spectrum No Ratio	620–660	75%	Yes	$100,000+	Optional	DSCR or No Ratio, townhome OK	Spectrum+, Spectrum No Ratio
A&D Mortgage – DSCR (No DTI)	620	75%	Yes	$75,000+	Optional	No Ratio OK, flexible on DSCR	DSCR (No DTI)
Angel Oak – Investor Cash Flow	640	75%	Yes	$75,000+	Optional	DSCR or No Ratio, townhome OK	Investor Cash Flow
Arc Home – Access DSCR / Edge DSCR	620	80%	Yes	$75,000+	Optional	DSCR or No Ratio, business purpose	Access DSCR, Edge DSCR
Champions Funding – Ambassador DSCR 1-4 Unit / Accelerator DSCR 1-4 Unit / Consumer – No Ratio	640	75%	Yes	$100,000+	Optional	All allow DSCR or No Ratio	Ambassador DSCR 1-4 Unit, Accelerator DSCR 1-4 Unit, Consumer – No Ratio
Change Wholesale – Investor	640	75%	Yes	$100,000+	Optional	DSCR or No Ratio, townhome OK	Investor
Deephaven – Equity Advantage DSCR / DSCR	640	75%	Yes	$100,000+	Optional	DSCR or No Ratio, business purpose	Equity Advantage DSCR, DSCR
Newfi Lending – Sequoia DSCR	640	75%	Yes	$75,000+	Optional	DSCR or No Ratio, townhome OK	Sequoia DSCR
NQM Funding – Investor DSCR	620	80%	Yes	$75,000+	Optional	DSCR or No Ratio, townhome OK	Investor DSCR
Loan Stream – Sub1 DSCR	640	75%	Yes	No minimum	Optional	DSCR < 1.0 or No Ratio allowed	Sub1 DSCR

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Key Points

• All programs above allow for DSCR or No Ratio income, cash-out, and no prepayment penalty.
• Your loan amount, LTV, property type, and credit score are eligible for all listed programs.
• Some programs (Arc Home, NQM Funding) may allow up to 80% LTV, but confirm for cash-out and investment property.
• Loan Stream’s Sub1 DSCR is the only option if your DSCR is below 1.0 and your loan amount is under $250,000.

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Would you like more details on any specific program, or help narrowing down the best fit based on your property’s DSCR or other preferences?

You have a wide range of eligible DSCR and No Ratio loan programs for your Florida investment townhome cash-out scenario ($213,750, 75% LTV, 640 FICO, no prepayment penalty).

Below is a side-by-side comparison of all eligible programs from each lender:

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Eligible DSCR/No Ratio Investment Property Cash-Out Programs

Lender / Program	Min FICO	Max LTV	DSCR/No Ratio	Min Loan Amount	Prepay Penalty	Notes	[Link]
FundLoans – Spectrum+ / Spectrum No Ratio	620	75%	Yes	$100,000+	Optional	DSCR or No Ratio, townhome OK	Spectrum+, Spectrum No Ratio
A&D Mortgage – DSCR (No DTI)	620	75%	Yes	$75,000+	Optional	No Ratio OK, flexible on DSCR	DSCR (No DTI)
Angel Oak – Investor Cash Flow	640	75%	Yes	$75,000+	Optional	DSCR or No Ratio, townhome OK	Investor Cash Flow
Arc Home – Access DSCR / Edge DSCR	640	75%	Yes	$75,000+	Optional	DSCR or No Ratio, business purpose	Access DSCR, Edge DSCR
Champions Funding – Accelerator DSCR 1-4 Unit / Consumer – No Ratio	640	75%	Yes	$100,000+	Optional	All allow DSCR or No Ratio	Accelerator DSCR 1-4 Unit, Consumer – No Ratio
Change Wholesale – Investor	640	75%	Yes	$100,000+	Optional	DSCR or No Ratio, townhome OK	Investor
Deephaven – Equity Advantage DSCR / DSCR	640	75%	Yes	$100,000+	Optional	DSCR or No Ratio, business purpose	Equity Advantage DSCR, DSCR
Newfi Lending – Sequoia DSCR	640	75%	Yes	$75,000+	Optional	DSCR or No Ratio, townhome OK	Sequoia DSCR
NQM Funding – Investor DSCR / Flex Select	620	75%	Yes	$75,000+	Optional	DSCR or No Ratio, townhome OK	Investor DSCR, Flex Select
Loan Stream – Core NonQM / Sub1 DSCR	640	75%	Yes	$213,750+	Optional	DSCR or No Ratio, townhome OK	Core NonQM, Sub1 DSCR

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Key Points

• All programs above allow for DSCR or No Ratio income, cash-out, and no prepayment penalty.
• Your loan amount, LTV, property type, and credit score are eligible for all listed programs.
• Some programs (Arc Home, NQM Funding) may allow up to 80% LTV, but confirm for cash-out and investment property.
• Loan Stream’s Sub1 DSCR is the only option if your DSCR is below 1.0 and your loan amount is under $250,000.

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Would you like more details on any specific program, or help narrowing down the best fit based on your property’s DSCR or other preferences?