LendSure’s Innovative Investor Cash Flow Program Now Available for 5-8 Unit Properties
SAN DIEGO, August 16, 2022 /PRNewswire/ — LendSure Mortgage Corp. (“LendSure”), an industry leader in non-QM lending programs, is filling a huge market need with its new 5-8 Unit DSCR Investor Cash Flow Program. Also known as debt service coverage ratio loans, DSCR loans can be used to purchase or refinance investment properties, assuming rental income covers expenses. This loan option allows investors to access up to $2 million for a purchase or refinancing at rate and term, and up to $1 million for cash refinancing, with no limit on the number of properties owned.
LendSure’s Investor Cash Flow DSCR program for 1-4 unit and 5-8 unit properties focuses solely on the property’s cash flow (rent in/expense out) to determine income eligibility.
LendSure requires a DSCR loan ratio of 1.1, which means the property generates 10% more revenue than what is needed to pay the debt. The same formula is used for refinancings. In short, the property must bring in enough money to cover expenses.
“With increasing home values, many investors are turning away from the current market, but with our comprehensive loan offerings, it’s actually a wonderful time to come in,” said Joseph Lydon, co-founder and co-CEO of LendSure. “Our teams work with mortgage brokers and loan officers nationwide to offer Non-QM, Jumbo Prime, Bridge financing and a variety of other lending options to meet the needs of home buyers and investors. today.”
LendSure’s DSCR loan offerings are available up to 75% loan-to-value (LTV) for investor purchase or rate and term refinance, and up to 70% LTV for cash refinancing. LendSure offers investors a number of options to make their financing options more attractive, including closing multiple loans simultaneously, buying at lower rates without needing additional cash at closing, and increasing the monthly cash flow with the LendSure 10-year interest-only and 40-year program.
LendSure’s innovative DSCR Investor Cash Flow program has expanded and is now available for 5-8 unit properties for seasoned real estate investors with credit scores as low as 700. This program comes with exceptional service levels investors expect from LendSure.
To learn more or to discuss a specific lending scenario with a LendSure DSCR Program Specialist, visit LendSure.com.
About LendSure Mortgage Corp. :
Based at San Diego, California, LendSure Mortgage Corp. NMLS #1326437, was founded in 2015 to help mortgage professionals better serve their clientele by offering a wider range of programs to meet their needs. LendSure offers a full range of non-QM loan programs for borrowers who do not meet compliant guidelines. Lending programs include: 24-month bank statement loans, Missed Agency Loans (Alt-A), real estate investor loans, common sense underwriting for borrowers with credit problems, programs for foreign nationals and a variety of other non-QM loan programs. This information is intended for the exclusive use of licensed real estate and mortgage professionals. It is not a commitment to lend. Rates and programs are subject to change without notice. Other restrictions and limitations may apply. The granting of a loan is subject to the credit and policy requirements of LendSure Mortgage Corp. For more information and to obtain a license, visit LendSure.com
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