Most DSCR programs quietly cap out around $1–2 million, which is a problem the moment you’re looking at a higher-end single-family rental, a luxury condo, or a small multifamily property in a competitive market. Super Jumbo DSCR was built for exactly that gap — investment property financing up to $4.5 million, still qualified off the property’s rental income instead of your personal tax returns.
How it works
DSCR stands for debt-service coverage ratio. Instead of looking at your W-2s, pay stubs, or tax returns, the lender looks at whether the property’s rental income covers its mortgage payment. If the numbers work, the loan works — no personal income documentation required.
Minimum credit score: 720 (740 unlocks the highest leverage tier)
Program highlights
- Loan amounts from just over $2 million up to $4.5 million
- Up to 65% LTV on purchase (720 FICO) and up to 60% LTV at 720 FICO on rate/term and cash-out
- Minimum DSCR: 1.25 on long-term rentals, 1.35 on short-term rentals, based on actual rents
- No cap on cash-out proceeds
- 30-year fixed and 30-year interest-only options
- Eligible on 1–2 unit properties, PUDs, warrantable and non-warrantable condos, even condotels
- 18 months of reserves required
Who it’s for
Experienced investors adding a higher-value property to their portfolio. Borrowers need at least two years of landlord experience — this program isn’t available to first-time investors, first-time homebuyers, or foreign nationals.
Have a scenario you want to run? Send us the details and we’ll let you know within hours whether it fits — Select Home Loans | NMLS # 2384002 | Call (888) 550-3296 | Email: info@selecthomeloans.com.
