Blanket/Portfolio DSCR Loans

1 - 4 Unit Properties Only

MAXIMUM LOAN AMOUNT: $6,250,000.00 UP TO 80 LTV

✅ Min. Asset Value of $100,000 per property included.

✅ Max Asset Value of $1.5M per unit for each property included.

✅ Interest Only Available

✅ Property DSCR down to .75

✅ Loan DSCR down to 1

✅ Max 25 properties per blanket loan

✅0-5 year pre-payment penalties

✅ Rates start in the 6's on 30 year fixed rates.

✅ U.S. CITIZEN ONLY

investor loans, DSCR, debt service coverage ratio, mathew yates

BLANKET DSCR ELIGIBILITY (DSCR > 1.0X)

FICO

740

720

700

680

660

Loan Amount

< $6,250,000

< $6,250,000

< $6,250,000

< $5,500,000

< $5,500,000

Purchase

80%

80%

80%

80%

75%

Rate & Term

80%

80%

80%

75%

75%

Cash Out

75%

75%

75%

70%

65%

UNDERWRITING FEE SCHEDULE - BLANKET DSCR

2-4 Properties

$2,245

5-8 Properties

$2,995

9-12 Properties

$3,745

13-16 Properties

$4,495

17-20 Properties

$5,245

21-25 Properties

$5,995

Approved In As Little As

15 Minutes

IT’S EASY WHEN YOU HAVE AN INITIAL APPROVAL

Want to feel good about making a strong offer on your dream home?

Get an initial approval for your loan almost instantly

when you work with independent mortgage professionals like us. Our cutting-edge process lets us do what big banks and retail lenders can’t and give you an initial loan approval in as little as 15 minutes — even on the weekends!

You’ll also enjoy greater transparency so you can gather any paperwork you need ahead of time and make sure your loan goes through as smoothly as possible.

Testimonials

NMLS ID #423065

Contact Me

20225 Water Tower Blvd. Suite 400, Brookfield, WI 53045

NMLS ID #1173903

Novus Home Mortgage, a division of Ixonia Bank is an Equal Housing Lender. We are headquartered at 20225 Water Tower Blvd. Suite 400, Brookfield, WI 53045. Toll free (844) 337-2548. NMLS No. 423065 (www.nmlsconsumeraccess.org). This is not an offer to enter into an agreement or a commitment to lend. All loans are subject to credit approval as well as program requirements and guidelines. Rates and requirements are subject to change without notice. Not all products are available in all states. Other restrictions or limitations may apply. Novus Home Mortgage, a division of Ixonia Bank is not affiliated with any government agency. © Novus Home Mortgage. All Rights Reserved | Program, Rate & APR Examples | Accessibility