DSCR

By Mel Fe Non-QM

Mega Capital offers flexible underwriting to tailor loan solutions for each borrower. By sharing your loan scenario, you can receive personalized assistance from experienced underwriters who help match your needs with specific non-QM loan programs. The company prides itself on expert guidance and industry expertise, ensuring a seamless loan process for all clients, whether new or experienced. Contact Mega Capital today to explore innovative loan products that can help achieve your financial goals.

Non-QM Loan Scenario Request
View Guidelines

Highlights:

  • Loan amounts up to $3M
DSCR
  • 80% Purchase / R& Term to $1.5M
  • 75% Cashout to $1.5M
  • Minimum DSCR ratio of 0.75
No Ratio
  • 70% Purchase / rate & term
  • 60% cashout
  • Loan amounts up to $2M
No non-property related income required (No W2s, No 1099s, No 1040s, etc.)
On purchase transactions, the qualifying rent figure can be the higher of the 1007 or the current lease (provided the difference is <=20%)
No schedule E or vacancy factor needed
Airbnb or VRBO income can be used
Min FICO 660 (middle of 3 scores or lower of 2)
Interest only options available (qualify IO payment)
Cashout unlimited <65% Up to $750K >=65%
Cashout can be used as reserves -US Citizens, Permanent residents, & Non-Perm allowed
Ability to close in an entity (LLC, Partnership, Corp, Trust)
No limitation on number of 1-4 financed properties
Warrantable & Non-warrantable condos
Multiple prepay options available (0-5)
MLO licensing exemption in certain states
Delayed financing
Transferred appraisals acceptable

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