This borrower is an experienced investor with multiple investment properties who was looking to access the equity from one of his homes to reinvest and upgrade his portfolio of real estate. This DSCR loan helped him do that. FundLoans' Spectrum No Ratio Program can go all the way down to zero DSCR. Try our calculator too.
Loan Details:
Location: San Diego, CA
Loan Program: Spectrum No Ratio – DSCR No Ratio Program
Loan Amount: $519K
Transaction Type: C/O
Property Type: SFR
Occupancy: Investment Property
LTV: 44%
Credit Score: 677
Loan Term: 30-yr Fixed