Single-Family Property Loans

A home to live in or a property to rent

For an investment-only property, DSCR measures qualifying rent against the housing payment. A primary residence requires a borrower-income program, such as conventional or an eligible Prime Time documentation path.

An attached home, detached home or planned-unit development also needs appraisal, title and insurance review. Association dues belong in the housing cost even when they are billed separately.

Choose the income story that fits

DSCR may suit an investor with documented rental demand. Bank statements can document eligible self-employment deposits. Standard documentation, 1099, P&L, WVOE and asset utilization each have distinct requirements.

The strongest headline LTV of a program is not available for every occupancy, score or loan amount. Compare the correct matrix column for your property.

Look beyond the purchase price

Ask for property taxes after the purchase, an insurance quote, association charges and a realistic maintenance budget. Review the appraisal’s condition and market comments. Needed repairs can affect financing even when the rent appears sufficient.

Prepare the property file

A clear starting package makes it easier to compare financing paths.

• Address, price, intended occupancy and property type.
• Lease or market-rent support for a rental.
• Income documents for a borrower-income program.
• Down payment, closing funds, reserves and any entity documents.