No Doc Cash-Out to 75% LTV

Feb 6, 2024

No DSCR Requirement on Rental Loans!

Our No Doc program allows rental loans with no DSCR requirement. This means that you can secure financing for your investment properties without having to meet the traditional debt service coverage ratio (DSCR) criteria, best for self-employed borrowers or vacant properties. With a range of attractive features and benefits, our rental loans offer a no-income check solution for your investment needs.

Stated Income (No Income Verification)

Gone are the days of complex income verification processes. Our rental loans require no income verification, allowing you to state your income without the need for extensive documentation. Easy qualifying a self-employed borrower or a property that is vacant and can’t debt service itself.

Flexible Loan Terms

Our rental loans offer a 30-year fixed term with a 5-year interest-only (IO) option. This flexibility allows you to choose a repayment plan that aligns with your investment strategy.

Up to 75% LTV (Cash Out to 75%)

Take out equity from your investment properties with our rental loans. We offer up to 75% loan-to-value (LTV) ratio, allowing you to cash out up to 75% of your property’s value.

Generous Loan Amounts

At NoDocMortgages.com, we offer loan amounts up to 5 million dollars. Whether you’re looking to invest in a single property or multiple units, our loan options can accommodate your investment needs.

No Sourcing or Seasoning of Assets

With our rental loans, there is no need to source or season your assets. There is no seasoning on the funds used to purchase the investment property.

No Reserve Requirement

We do not impose a reserve requirement on our rental loans. Most lenders require at least 6 to 12-month reserves we have it at zero.

Minimum Fico: 650

Our minimum FICO score requirement of 650, to get 75% equity of your property 650 is the minimum score we can accept if the score is less than the LTV reduces.

Catering to Specific Needs

Our rental loans are designed to cater to specific investment scenarios. Whether you’re involved in short-term rentals or you’re a foreign national looking to invest in the U.S. real estate market, our loan options are tailored to accommodate your unique circumstances. We understand the diverse nature of the real estate market and strive to provide solutions that meet your specific needs.

Quick and Efficient Closing

We can close loans quickly. You can expect to close your rental loan within 7 to 10 days.

Investment Properties: 1 – 4 Units

Our rental loans are available for 1 to 4-unit investment properties. Whether you’re looking to invest in a single-family home or a small multi-unit property, our loan options can accommodate your investment goals.

Contact us to learn more about no-doc mortgages.