DSCR CES Overview
DSCR CES (Closed End Second) is a new CES program offering DSCR option.
DSCR CES Highlights
Do More With Less
30 Years Fixed
Piggy Back: 1st lien must be done at AAA LENDINGS
Short term rental please call for price
♦ US Citizens, Permanent Resident Aliens, Non-Permanent Resident Aliens
♦ Foreign Nationals: 700 min FICO, 70% max CLTV
♦ Max Combined loans amount $2.5M. 1st lien must be $1 higher than 2nd lien.
♦ Standalone: 6 mos seasoning required on existing first mortgage.
♦ Properties listed for sale ≤ 6 mos ineligible (refis only).
♦ Follow TRID disclosing and wait period requirements.
Flyer
