For licensed mortgage professionals only — not for distribution to consumers.

Investor Financing

Three DSCR tiers. One clean path for your investors.

Qualify borrowers on the property's cash flow — no income, employment, or tax returns. From sub-0.75 ratios to the strongest cash flow, there's a tier for the deal on your desk.

Submit a Scenario Become a Partner

Min FICO: 660
Max LTV: 80%
Loan Amount: $100K – $2M
Min DSCR: Sub-0.75 OK

Qualify on Cash Flow, Not Tax Returns

DSCR (Debt-Service Coverage Ratio) loans let your investor clients qualify on a property's rental income instead of personal income — no income, employment, or tax returns. Qualification comes down to a simple ratio:

DSCR = Rental Income ÷ PITIA

For your pipeline, that means a straightforward path for self-employed investors, borrowers with write-off-heavy returns, and clients scaling a rental portfolio past conventional limits.

Who It's a Fit For

Self-employed or portfolio investors whose returns don't reflect real income
Buyers and refinancers of non-owner-occupied 1–4 unit rentals and condos
Clients vesting in an LLC, corporation, or trust
Short-term / vacation rental owners (Airbnb, VRBO)
Foreign national investors with a valid visa (see the FN tier)

Choose the Right Tier

DSCR Loan Tiers
	DSCR I No Ratio	DSCR II Min 0.75	DSCR III Min 1.00	Foreign National
Best For	Maximum flexibility; sub-ratio deals	Balanced pricing, light ratio floor	Strongest cash flow, best terms	Non-US-credit investors
Min DSCR	None (sub-0.75 OK)	0.75 (sub-0.75 w/ adj.)	1.00	Sub-0.75 OK
Min FICO	660	660	680	680 or foreign credit
Max LTV (Purchase)	75%	75%	80%	75% (1-unit) / 70% (2–4)
Min Loan Amount	$150,000	$150,001	$100,000	$150,001
Investor Experience	Not required	Not required	12 mo. NOO ownership	Not required
First-Time Investor	Allowed	Allowed	Not allowed	Allowed
Vesting	LLC	LLC	Single-purpose entity	LLC not permitted

Program Highlights (All Tiers)

Business-Purpose, Non-Owner Occupied Only — no income, employment, DTI, tax returns, or 4506-C
All Purposes — purchase, rate/term, and cash-out refinance
Short-Term Rental Income OK — 12-month Airbnb/VRBO look-back
100% Gift Allowed — down payment, closing costs, and reserves. DSCR I and II cap it at three gifts; DSCR III and Foreign National print no cap
Reserves — none on DSCR I and II up to $1.5M, then 4 months' PITIA; DSCR III runs 3 months up to $1M and 6 months above it; Foreign National requires 12 months, or 6 with a 5% LTV reduction
Terms — 30-yr fixed on every tier; 5/6 ARM and 40-yr fixed on select tiers (DSCR III is 30-yr fixed only), plus interest-only options
Entity Vesting — an LLC on DSCR I and II; a single-purpose LLC, corporation or trust on DSCR III. Foreign National does not permit LLC vesting — confirm the permitted form with your AE
UW Fee — $1,495

Prepayment Penalties & State Eligibility

Prepayment-penalty terms run from 5 years down to 1 year, plus a No-PPP option — but the terms available differ by tier (the 3-year term is DSCR I only). Availability and PPP structures also vary by state, so confirm the exact structure for your tier against the Program Guidelines and the live rate sheet before quoting.

What to Submit

Completed 1003 or scenario request
Tri-merge credit report
Lease agreement, or market rent support (1007 / 1025), to establish DSCR
Entity documents (Articles, Operating Agreement, EIN) if vesting in an LLC/corp
Fully executed purchase contract (purchase transactions)
Asset verification — one month's bank statement or VOD

Turn Times

Current published turn times. These are business days and reflect a complete submission — incomplete files reset the clock.

Published Turn Times by Stage
Stage	Turn Times
Loan Setup — Purchase	1 day
Loan Setup — Refinance	1 day
Underwriting — Purchase	1–2 days
Underwriting — Refinance	1–2 days
Condition Review	1–2 days (all programs)
Loan Docs	1–2 days
Funding	1–2 days

Pricing & Locks

For current pricing, contact your Account Executive or send an inquiry to submit@wmbankers.com.

Lock Policy

Lock Policy
Term	Policy
Lock Cut-Off	3:00 PM PST
30-Day Lock	Allowed once the loan is submitted to underwriting
15-Day Lock	Allowed once the loan is clear-to-close
Relock	Worst-case pricing + 0.250% fee, for 15 days
Lock Extension	2 days — 0.125% fee · 7 days — 0.250% fee
Max Extensions	2 (1 for Non-QM)
Early Payoff Penalty	180 days from the first payment due date

Terms are as published on the current rate sheet and are subject to change — always confirm against the live sheet before quoting.

Why Place Your DSCR Loans with WMB

Dedicated Account Executive who answers fast
Common-Sense Exceptions reviewed case by case
Broker-Friendly Compensation options
Quick Turn Times — underwriting typically 1–2 business days

Have a scenario? Email submit@wmbankers.com.

For use by licensed mortgage professionals only; not for distribution to consumers and not an advertisement for the extension of credit to consumers under Regulation Z, 12 CFR §1026.2. This is not a commitment to lend. DSCR loans are business-purpose loans for non-owner-occupied investment properties only. All loans are subject to credit approval, property appraisal, and program guidelines, which are subject to change without notice. Fidelity Lending Solutions, Inc., a California Corporation, DBA Wholesale Mortgage Bankers. 2650 East Imperial Hwy., Suite 110, Brea, CA 92821. Licensed under NMLS ID #922372 in Arizona, California, Colorado, Florida, Georgia, Nevada, Texas and Washington. Equal Housing Lender.