2nd Position DSCR Loan Refinance is a game changer! Do you have an investment property with a low rate first position loan, but need to pull our equity? Let Valor Lending Group refinance and get he money you need for home improvement, down payment, or reserves for a rainy day.
What is a 2nd Position DSCR Loan Refinance?
A 2nd position DSCR Cash Flow Loan is a financing tool designed for refinancing investment properties without requiring income verification that will go behind your current 1st position loan. Instead of traditional income qualifications, lenders assess the property’s cash flow—specifically, whether the rental income is sufficient to cover the COMBINED PITI (Principal, Interest, Taxes, and Insurance) payments.
The higher the DSCR (Debt Service Coverage Ratio), the easier it becomes to secure financing for your investment.
How is 2nd Position DSCR Loan calculated?
Example Calculation:
- New 2nd Position P&I Payment: $1000
- 1st Position Mortgage Payment: $2000
- Monthly Taxes: $300
- Monthly Insurance: $150
- Combined Total PITI: $3450
- Current Rents: $4000
- DSCR Calculation: $4000 ÷ $3450 = 1.15% DSCR
See below No Seasoning From Purchase DSCR Cash Out Loan Highlights
- $1,000,000 max loan amount
- Max CLTV 65%
- Minimum Middle Credit Score 680
Other Amazing Products Adam Lawrence at Valor Lending Group Can Offer:
- Hard Money Loans (20% down rate/term or purchase, 75% cashout, and minimal documentation)
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s with NO MI up to 2MM / 15% down up to $3mm
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
CALL ADAM LAWRENCE TODAY FOR ALL AND EVERY LOAN SCENERIO 858-344-0323 or ALAWRENCE@VALORLENDING.COM
