Churchill’s Single-Family DSCR product provides long-term financing for borrowers looking to acquire and stabilize properties between one and four units.
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Churchill’s Single-Family DSCR product provides long-term financing for borrowers looking to acquire and stabilize properties between one and four units.
Property Type
Attached or detached SFR, 2-4 units, townhomes, warrantable condos, short term rental
Loan Purpose
Non-Owner Occupied Business Purpose Residential Loans
Interest Reserve
4 months PITIA Required
FICO
660 minimum
LTAIV
up to 80%
DSCR Calculation
Leased: Monthly Rent / Monthly PITIA, Vacant: 90% Market Rent / Monthly PITIA
DSCR
Minimum 1.00
Prepayment Penalty
0-5 Years, Stepdown
Experience
Minimum 12 Months, First Time Investor Case-by-case
Recourse
Ful required