© LOAN PROGRAMS PRODUCT 09 OF 20
Long-term financing that qualifies on the property instead of on you. Up to 80% LTV, 5, 7, 30 and 40 year fixed terms and rates from 6.50% to 9.99% on the Non-QM tier, with short term rental and ADU income permitted and DTI not calculated.
REQUIREMENTS
BENEFITS
© RENTAL PROPERTY LOANS PRODUCT 09 OF 20
A DSCR loan measures one thing: whether the property covers its own debt. That is the whole idea, and the consequences run through the entire card. DTI is not calculated. Large deposits do not need to be sourced. An investor whose returns show aggressive depreciation, or who owns eleven other properties, is not penalized for either, because neither is part of the test.
The published terms are up to 80% LTV, 5, 7, 30 and 40 year fixed terms and rates from 6.50% to 9.99% on the Non-QM tier. The loan qualifies on the cash flow of the property rather than the income of the borrower, and interest only options are available where the coverage needs help.
Three permissions on this card are worth naming because they are where competing programs say no. Short term rental income is permitted, so a furnished nightly rental is not forced onto a long-term lease comp. ADU income is permitted, which matters in California more than almost anywhere. Non warrantable condos are permitted, and recently listed properties are OK, which removes the usual delist-and-wait penalty.
Flexible long-term financing for real estate investors seeking to maximize rental property cash flow. Our Rental DSCR program is designed for non-owner occupied properties, offering competitive rates and streamlined approvals.
Loan Goat, on rental dscr loans
Terms, requirements and benefits on this page are printed exactly as Loan Goat publishes them.
© THE COMPARISON 3 PRODUCTS IN THIS PROGRAM
Three rental structures sit under one program. This one is the single-asset instrument: one property, one loan, thirty years. The other two consolidate or term out at a portfolio and multifamily scale.
Five or more units in one fixed rate loan on the same published terms, with landlord experience required.
Multifamily, condos and mixed use on the same published terms, with landlord experience required.
For an owner occupied home: 12 to 24 months of bank statements on Non-QM loans from $200,000 to $10,000,000, over 5 to 30 years.
For buying and renovating before the hold: up to 85% of the purchase and 100% of the rehab over 6 to 18 months, with the rehab funded in draws.
Every figure below is the one printed on that product's live terms card. Rates and pricing are subject to change and are not a commitment to lend.
| Product | Rates | LTV Up To | Terms |
|---|---|---|---|
| RENTAL DSCR LOANS | 6.50% to 9.99% Non-QM | 80% | 5, 7, 30 and 40 year fixed |
| RENTAL PORTFOLIO LOANS | 6.50% to 9.99% Non-QM | 80% | 5, 7, 30 and 40 year fixed |
| MULTIFAMILY TERM LOANS | 6.50% to 9.99% Non-QM | 80% | 5, 7, 30 and 40 year fixed |
WHO IT IS FOR · 02
Investors holding non-owner occupied residential rentals who want permanent financing sized on rent rather than on personal income, including first time investors, whom the card explicitly allows.
OUR PROCESS · 03
The same four steps, with a documentation package built around the property: the lease or the rental analysis, the insurance, the title. Personal income documents are not the center of the file.
© PROPERTY TYPES AS PRINTED ON THE TERMS CARD
Three residential classes, and the card adds that non warrantable condos are permitted, which is the exclusion most agency lenders apply without discussion.
© RENTAL DSCR LOANS
THE PROPERTY QUALIFIES, SO YOUR TAX RETURN DOES NOT HAVE TO.
PUBLISHED TERMS
© GOOGLE REVIEWS 5.0 GOOGLE RATING · 150+ REVIEWS
Fantastic experience working with Milad and his staff at loan goat. Closed both of my loans in less than 10 days. Best hard money lender hands down in San Diego
This team is equipped with professional, knowledgeable, patient, friendly, and responsive members! We were able to purchase our first investment property with the help and guidance of Milad and his team. They answered our questions...
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
Fantastic experience working with Milad and his staff at loan goat. Closed both of my loans in less than 10 days. Best hard money lender hands down in San Diego
This team is equipped with professional, knowledgeable, patient, friendly, and responsive members! We were able to purchase our first investment property with the help and guidance of Milad and his team. They answered our questions...
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
© QUESTIONS 5 ANSWERS
The minimum ratio is set per file rather than published, because it moves with the leverage, the property and the borrower. Interest only options are available where the coverage needs help, and the ratio for a specific file is confirmed on the Letter of Intent.
Yes. Short term rental income permitted is published on this card, and so is ADU income. A furnished nightly rental or a legal accessory dwelling unit does not have to be re-cast as a long-term lease to qualify.
DTI not calculated is published on the card, and large deposits do not need to be sourced. The test is whether the property covers its debt. That is what makes this product work for self-employed investors and for owners whose tax returns understate their cash flow.
Yes. The experience line reads "First time investor OK". Landlord experience is required on the other two rental products, the rental portfolio loan and the multifamily term loan, but not on this one.
Non warrantable condos permitted is published on this card, and recently listed properties are also OK. Both are common agency exclusions, and both are named here so an investor does not have to find out at underwriting.
© LOAN REQUEST 2 MINUTES
The loan information form with Rental Property Loans already selected. A lending advisor from our firm will reach out. Or just give us a call now: (619) 617-2797.
