LAMD-D33 ITIN DSCR | DSCR Guidelines

Loan limits

Lien position: First lien
Minimum credit score: 700
Max LTV – purchase: 75% (≤$1M)
Max LTV – rate/term refinance: 65%
Max LTV – cash-out refinance: 65%
Minimum loan amount: $125K
Maximum loan amount: $1.0M
Cash-out (cash in hand) limit: $300K above 50% LTV; $500K at 50% or less.
LTV reductions & overlays: Max 75% purchase / 65% refinance (700 FICO, DSCR 1.00+, up to $1M). 0x60x12: −5%. Credit event 2–3 years: −5%. Short-term rental 70% / 65%. Non-warrantable condo 70% / 65%. Condotel 70% / 60%. Non-arm's length −5%. Declining market −5%.

DSCR requirements

Minimum DSCR: 1.00
DSCR below 1.00: No (grid populated for ≥1.00 only)
No-ratio (no DSCR calculated): No
How DSCR and qualifying rent are calculated: Gross rent ÷ PITIA (principal, interest, taxes, insurance, HOA); interest-only uses ITIA. ARMs qualify at the greater of the fully indexed rate or note rate. Market rent from the 1007 rent schedule is required.

Products & terms

Products: 15/30 fixed, 5/6 7/6 10/6 ARM, 30/40 fixed IO
Interest-only: Purchase & R/T only
Prepayment penalty: Where permitted
Reserves: 6 months; cash-out can count.

Borrower & credit

Housing payment history: 1x30x12 with no reduction; 0x60x12 with −5%.
Credit events (BK, foreclosure, short sale, modification): Bankruptcy and housing events need 3 years; 2–3 years allowed with a 5% LTV reduction. 2 tradelines open 12 months within the last 24.
Forbearance, deferrals & modifications: N/A
Collections, charge-offs, judgments & liens: N/A
Tradelines & credit depth: N/A
First-time homebuyer: No
First-time investor: No
Foreign national: No
ITIN borrower: ITIN borrowers only (individuals – no entities). First-time homebuyers and first-time investors ineligible. Max $1M; interest-only on purchase and rate/term only. Rent-loss insurance (6 months) required.
Non-permanent resident: No
LLC / entity vesting: Not allowed – individuals only.
Gift funds & assets: Not published – ask us about your scenario
Financed property / exposure limits: No add-on reserves
Other borrower rules: N/A

Property

Eligible property types: SFR, PUD, 2-4, warrantable & non-warrantable condo, condotel
ADUs & unpermitted additions: Not published – ask us about your scenario
Non-warrantable condo: 70% purch / 65% refi
Condotel: 70% purch / 60% refi
Rural / acreage: Rural properties not eligible.
Minimum square footage: Not published – ask us about your scenario
Mixed use: Not published – ask us about your scenario
5+ units / multi-property: No
Ineligible properties: Manufactured homes, co-ops, unique properties with marketability concerns, and rural properties over 20 acres (rural not allowed at all on the foreign national and ITIN versions).
Declining markets: Declining market per appraisal: at least 5% LTV reduction.
Appraisal, review & insurance: Standard appraisal with 1007 rent schedule; an additional appraisal or third-party review may be required (e.g., non-arm's-length or declining markets). Escrow holdbacks and temporary buydowns not permitted. Manual underwriting only.

Rental income

Rent used on a purchase: 1007 required
Rent used on a refinance: Not published – ask us about your scenario
Vacant / unleased refinance: Not published – ask us about your scenario
Short-term rental (Airbnb/VRBO): Yes
Short-term rental documentation: Not published – ask us about your scenario
Short-term rental limits: 70% purch / 65% refi

Refinance seasoning

Cash-out seasoning: Not published – ask us about your scenario
Delayed financing (cash purchase recoup): Not published – ask us about your scenario
Recently listed for sale: N/A

Other terms

Seller / interested-party concessions: N/A
Secondary financing: Not permitted.
State & local restrictions: All states; American Samoa, Guam, Northern Mariana Islands, Puerto Rico and USVI are ineligible.

Additional details

Notes: Rent loss insurance 6 mo required. Non-arm's-length −5%. Declining market −5%.

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These are summaries of DSCR (debt service coverage ratio) loan programs offered through L.A. Mortgage Dude, NMLS #2513002, licensed in Arizona, California, Colorado, Florida, Georgia, New Jersey, North Carolina, Oregon, Pennsylvania, Texas, Washington and Virginia. Not all programs are available in every state. Program codes are internal names. Limits shown are maximums or minimums before scenario-specific adjustments; actual terms depend on credit, property, appraisal, reserves and full underwriting. This is not a commitment to lend, a loan approval or a rate quote. Guidelines change without notice. Business-purpose investment property loans only. Equal Housing Opportunity.

Guidelines last reviewed October 17, 2026. Machine-readable copy: dscr-guidelines.json · llms.txt