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Debt Service Coverage Ratio Loan
Debt Service Coverage Ratio. Qualify if the Rent covers the Mortgage payment.
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Investment properties only
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Non-warrantable condos allowed
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Need 6 months of reserves of PITI payment
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First-time investors are allowed. Max 70% LTV
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First-time Home Buyers are not allowed
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Seller concessions - up to 2% toward closing
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No income. No Employment is stated on the application.
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