DSCR Single Family & 2-4 Units
The purpose of a DSCR (Debt Service Coverage Ratio) loan is to provide financing for real estate investments based on the income-generating potential of the property, rather than the borrower's personal income or credit score.
5+ Unit Loans
5+ Unit Loans refer to loans that are used to finance multi-family properties with five or more units. These properties can include apartment buildings, multi-unit residential complexes, or other types of real estate where the property contains multiple rental units. Since these properties are typically considered investment properties, the terms, criteria, and approval process for 5+ unit loans are different from those of traditional single-family home loans.
Income Based Loans
Income-based loans are a category of loans where the borrower’s income plays a central role in determining their eligibility for the loan, the loan amount, and the terms of the loan. Unlike traditional loans that often focus on a borrower’s credit score or assets, income-based loans primarily assess how much money the borrower earns in order to determine their ability to repay the loan.
Primary/Second Home Loans
Primary home loans and second home loans are types of mortgages that are specifically tailored for individuals buying homes that will serve different purposes—one being their main residence and the other as a secondary residence (vacation home, for example).
Construction Loans
Construction loans are short-term loans designed to help finance the building of a new home or the renovation of an existing property. These loans are structured to cover the costs associated with the construction process, such as labor, materials, permits, and other related expenses.