DSCR Loan Program

Rates Starting At 5.12%

Loan Amount

$55,000 – $2,000,000

> $2,000,000.00; Subject to WSJ prime rate

Maximum Loan to Cost

If owned < 3 Months, 80% of Total Cost

Maximum Loan to Value

For Purchase/Rate and Term, up to 80% LTV

For Cash-Out, up to 75% LTV

For Foreign Nationals, max 65% LTV

Term Length

5/6, 7/6, or 10/6 Adjustable Rate Mortgage

5, 10, 15, 30 YR Fixed Rate Mortgage

Rates

Starting at 5.12%

Minimum Credit

660

DSCR

No minimum DSCR at 75% LTV

DSCR of 0.75x is required for > 75% LTV

Minimum Experience

No Experience Required on Single Rental

Experience Required on Portfolio

DSCR / Portfolio

Loan Details

Paramount Capital Lending focuses on residential real estate and is able to fund a variety of properties across 42 states, including the following types of investment properties:.

Single-Family (1-4 Unit)
Townhomes
Condominiums
Commercial (Special Exceptions)

Paramount Capital Lending simplifies the closing process by eliminating junk fees and offering clear, straightforward pricing.

Underwriting and Due Diligence Fee: $1,500.00
Attorney Document and Preparation Review: $995.00
Third-Party Appraisal: $700.00 – $1,400.00
Origination Fee: 0% – 2%

You’ll appreciate the simplicity of closing with Paramount Capital Lending, thanks to our straightforward underwriting process. To expedite your application, here are the key items you’ll need to gather:

Credit and Background Check
Purchase Agreement (If Applicable)
Last 2 Months of Bank Statements
Payoff Letter (If Applicable)
Lease Agreement and Proof of Security Deposit
Track Record
Borrowing Entity Documents

What Are

DSCR Loans

A DSCR loan enables borrowers to qualify for financing based on the projected rental income of a property, rather than their personal income. These loans are specifically designed for real estate investors and can only be used to purchase income-generating properties.