Investment Property Loans in Bellingham

Investor Cash Flow (DSCR) Program

Our Debt Service Coverage Ratio (DSCR) program focuses on the property cashflow, so no other income documents are required. Our DSCR loans offer fast closings with minimal conditions, so the process is relatively hassle-free. 

DSCR > 1.0 means that there is sufficient cash flow to cover the debt service.

DSCR < 1.0 means that there is not enough cash flow to cover the debt service.

• 660 minimum FICO required
• Minimum DSCR of .80 for refinance and 1.00 for purchase
• Close multiple loans at the same time
• Up to 85% LTV for Purchase and 75% LTV for R/T or Cash-out Refi
• Available for 5-8 Unit properties with LTV up to 70%
• Loan amounts up to S1,500,000 (higher with exception/compensating factors)
• Up to $500,000 Cash Out
• No limit on the number of properties owned and you can finance up to 10 properties
• Non-Warrantable condo and Condotel allowed (up to 70% LTV)
• Qualify on Interest Only Payments - Great for qualification and cashflow purposes

The Benefits of Rental Property Financing in Bellingham:

• No tax returns needed
• Quick approval process
• Multiple property financing
• Cash-out options available

Ready to finance your investment property in Bellingham? Contact Mike Farkas at 360-393-0622 to schedule an appointment.