When doing a DSCR Rental loan, we do look at your credit score. These programs are a lot more lenient than traditional loans are so we can go as low as a 600 FICO score at times. Also when doing a DSCR Rental loan, we are very easy on past short sales, foreclosures, or derogatory credit. If your financial situation makes sense today, we can lend you the money you need for a DSCR Rental purchase loan or a refinance loan.

Bank Statement loans come in all types of loan terms. It’s a very flexible program that can help you get the payment that you need. DSCR Rental loans are available as a 5 Year Adjustable Rate Mortgage which will get you the best interest rates. If you want a longer term, we have a 7 Year Adjustable Rate Mortgage available and a 30 Year Fixed Rate option available as well. Some borrowers prefer interest only payments which we can do as well, so that you can keep your monthly payments as low as possible.

The process is simple. When most people call us, they are usually skeptical about the program and if they can really qualify. Here at Equinox Home Financing, we have been providing these programs since they have been made available and have been able to help many borrowers purchase or refinance their homes. First step is to call us, a professional will help consult you and explain how our programs work in detail. There are many types of programs and it’s best to speak with us so we can guide you in the right direction.

It depends what type of loan program you are qualified for. With a DSCR Rental loan program, we can only offer this loan on investment properties. We can lend on single family residences, condo’s and 1-8 unit properties.