DSCR Seconds

DSCR Closed End Seconds

Loan To Value

Max CLTV
75% 75% Max CLTV
  • Rates as Low as 11.375%
  • 30 Years Fixed
  • Full appraisal required
  • Transferred appraisals allowed

Credit Score

Min Credit Score
660 Min Fico
  • Reserves: Loan Amt>$2,000,000: 12 months PITIA
  • Credit Event (BK,SS,FC,DIL): 48 months and multiple credit events not allowed
  • Housing History: Piggyback: 0x30x12; Standalone: 0x30x24

Loan Amount

Max Loan Amount
$3.5M Max Loan Amount
  • Max. Loan Amount $500,000
  • Min. Loan Amount $100,000
  • Max Combined loans amount $2.5M. 1st lien must be $1 higher than 2nd lien

Qualification

Requirements
>1.00 Min. 1.00 DSCR
  • Min DSCR ratio 1.00
  • Piggy Back: 1st lien must be done at The Home Loan Source
  • Standalone: 6 mos seasoning required on existing first mortgage
  • Follow TRID disclosing and wait period requirements
  • Piggy back loans need full Title policy covering both liens
  • Standalone loan: ≤ $250,000 need O & E Property Report or Full Title Policy
  • Standalone loan: > $250,000 need Full Title Policy

Property

Type
2-4 Sfr, Condo
  • Short term rental please call for price
  • Inverstment Property Only
  • Vacant/Unleased ineligible
  • Non-warrantable Condo Eligible
  • Manufactured Home Not Eligible
  • SFR: 600 min sq ft | Condo: 500 min sq ft | 2-4 Unit: 400 min sq ft |10 acres max

Eligible Borrowers

Foreign Nationals
Foreign Non Permanent Resident
  • US Citizens, Permanent Resident Aliens, Non-Permanent Resident Aliens
  • Foreign Nationals: 700 min FICO, 70% max CLTV
  • Properties listed for sale ≤ 6 mos ineligible (refis only)
  • Follow TRID disclosing and wait period requirements

Get a free no commitment quote

See your personalized rate in minutes. No credit check required

Competitive Rates You Can't Miss

Rates so low, they'll make your jaw drop
Check Rates

Transparent Pricing, No Hidden Costs

Experience the Diffenece: Transparent Simple No Hidden Costs

Save on costs, no junk fees

Closing costs so low, you'll be surprised
Get Quote

Advisors who always put you first

We provide expert guidance and support every step of the way

5-star glowing Yelp reviews

Check out our reviews and see the difference
Check Yelp

Your Application has been submitted

If you need to reach us, please give us a call at (714) 352-0808, or send us an email to hugh@thehomeloansource.co. Thank You & Have a Great Day!

Mortgage Rates Disclosures

 

The advertised loan is a 15-year Fixed Rate Loan with a 15-year fully amortizing term. The interest rate is 5.250% for 180 months. The disclosed APR is based on the payment of 3.000 discount points. For a $726,200 loan, there is a 5.755% APR with a monthly principal and interest payment of $5,838 for 180 months. Interest rate quoted assumes a purchase with 45 day lock pricing at 60% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. Interest rate quoted assumes a purchase of a primary residence. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective 9:00AM PT on 9/18/2024 and are subject to change without notice.


The advertised loan is a 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 5.250% for 360 months. The disclosed APR is based on the payment of 3.000 discount points. For a $726,200 loan, there is a 5.545% APR with a monthly principal and interest payment of $4,010 for 360 months. Interest rate quoted assumes a purchase with 45 day lock pricing at 60% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective 9:00AM PT on 9/18/2024 and are subject to change without notice.

The advertised loan is an FHA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 5.250% for 360 months. The disclosed APR is based on the payment of 3.000 discount points. For a $726,200 loan, there is a 6.437% APR with a monthly principal and interest payment of $4,010 for 360 months. Interest rate quoted assumes a purchase at 80% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes, hazard insurance, or mortgage insurance; actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective 9:00AM PT on 9/18/2024 and are subject to change without notice.

This is a VA program. Current guidelines for VA Financing can be found at https://www.benefits.va.gov/homeloans/index.asp . The advertised loan is a VA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 5.250% for 360 months. The disclosed APR is based on the payment of 3.000 discount points. For a $726,200 loan, there is a 5.882% APR with a monthly principal and interest payment of $4,010 for 360 months. Interest rate quoted assumes a purchase with 45 day lock pricing at 100% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective 9:00AM PT on 9/18/2024 and are subject to change without notice.

Refinance: By refinancing your existing loan, your total finance charges may be higher over the life of the loan.