investment properties : DSCR stands for Debt Service Coverage Ratio, and our DSCR mortgage is designed to help real estate investors and property owners finance their properties with greater flexibility and control. Unlike traditional mortgages that focus primarily on the borrower’s credit score and income, DSCR mortgage looks at the cash flow of the property itself to determine the borrower’s ability to repay the loan. Investors commonly utilize DSCR loans to meet mortgage qualifications and acquire investment properties in the real estate market.
With a DSCR mortgage, borrowers can secure financing for their properties based on the property’s actual income and expenses. Thanks to DSCR loan borrowers with lower credit scores or irregular income streams can still qualify for financing if their properties generate enough cash flow to cover the loan payments.
ROSSER’s 12/24 Month Bank Statement loans are perfect Non-QM options for self-employed and high net worth individuals who are unable to document their income with tax returns. To qualify for this loan, we allow the use of 12 and 24 months of Business and Personal bank statements.
Self-employed individuals have a more difficult time qualifying for a traditional mortgage. At ROSSER Capital , we offer our Non-QM 1-year and 2-year P&L loans to help them.
Borrowers can qualify for an ROSSER loan based on the strength of their business’s Profit & Loss (P&L) statement.
Full Doc Non-QM loans are a perfect solution for small business owners, investors, or other self-employed individuals, who believe they would not qualify for a traditional agency loan. These loans are also ideal for borrowers who are recovering from a recent credit event.
Full Doc Non-QM loans require documented evidence that proves the income and assets a borrower claims on their loan application are genuine.599/ to 4 million
1099
Min. FICO 599
Up to 85% CLTV
Ideal loan for sole proprietors or contract individuals
099s for 2 years
1 year history with same employer
Gift funds allowed
DTI 55% Max
Cash out available
Completed FNMA Form 1005 for 1-year history with the same employer
Temporary rate buydowns available
Loan amounts up to $4 million
WVOE
Min. FICO 599
Up to 80% CLTV
A Written Verification of Employment (WVOE) is a form to be completed by a borrower’s current employer to verify specific details about their employment, such as dates of hire, compensation structure (salary, bonus, commissions), and year to date earnings. At ROSSER Capital, this WVOE form can be used to confirm a borrower’s income.
The same is true for our 1099 Income Program. Instead of tax returns, ROSSER uses the actual wages from your 1099 form as qualifying income for your new home loan. Together, the 1099 and WVOE options are ways to qualify for a Non-QM mortgage.No tax returns required
Loan amounts up to $4 million
DTI 55% Max
Cash out available
Completed FNMA Form 1005 for 2-year history with the same employer
Asset Utilization
Min. FICO 599
Up to 80% CLTV
Not all borrowers fit neatly into the boxes required by traditional lenders. Some borrowers are investors, self-employed, entrepreneurs, retired, or simply living off their investments. They are financially responsible people, but they might not have sources of income that are easily quantifiable.
ROSSER Capital ’s Asset Utilization loans allow these kinds of borrowers to use their personal assets as a means to qualify for a home mortgage.
201 Rosser Ave Waynesboro VA,
17875 Von Karman Ave Irvine, CA 92614,
2445 Augustine Dr. Santa Clara CA 95954
