DSCR Loan Program
Rates Starting At 7.00%Loan Amount
$75,000 – $2,000,000
> $2,000,000; Subject to WSJ prime rate
Loan Type
Long-Term and Short-Term Rental Available
Maximum Loan to Value
Up to 80% LTV
Term Length
5/1, 7/1, or 10/1 Adjustable Rate Mortgage
30 YR Fixed Rate
Rates
Starting at 7.00%
Minimum Credit
660
DSCR
No minimum DSCR at 75% LTV
DSCR of 0.75x available for 700 FICO > 75%
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.
Lending Made Simple
1. Contact us to obtain your conditional loan approval.
2. Once approved, we will take care of processing and underwriting your loan.
3. You can receive funding for standard loans in as little as 10 business days.
