One of our most popular non-QM mortgage programs is the DSCR program. Here’s how we helped one borrower overcome a challenging situation and close their loan in just 13 days.
The Challenge
Our borrower faced a unique set of hurdles:
- The property they wanted to finance turned out to be a condo-hotel —with no bedroom and no full kitchen.
- The loan needed to be financed through a newly formed LLC, adding another layer of complexity.
- Time was of the essence, as the borrower was racing against the clock to secure financing.
Despite these challenges, we stepped in with a clear mission: complicated doesn’t have to mean slow.
The Solution
Here’s how we closed the deal in just 13 days:
Key Loan Parameters
- Loan Amount: $875,000
- LTV: 80%
- Credit Score: 734
- Loan Program: DSCR (Debt Service Coverage Ratio)
- Closing Timeline: 13 days
How We Did It
1. Deep-Dive Underwriting: We identified potential hurdles early in the process, allowing us to address them proactively.
2. Speedy Turnaround: With next-day approvals and a streamlined process, we cut closing times in half.
3. Transparent Communication: Daily updates kept the borrower informed and ready to act at every step.
The Result
In under two weeks, the borrower had the keys to their new investment property—a testament to our commitment to speed, efficiency, and exceptional service.
Let Us Help You
Contact our office to be connected with a loan officer who can review your scenario and help you achieve your goals.
