5 Days Fast DSCR Loan
for Investors
Single Family House, Condo, Townhouse, and PUD.
With the introduction of AI-based technology in the mortgage market, certain mortgage programs now allow the entire process to be handled online. This enables fast closings in as little as 5 days, and for loan amounts under $400,000, the appraisal and title insurance can be waived. However, this program applies only to investment property loans.
Please feel free to contact us for a no-obligation consultation and pre-approval for purchasing or refinancing investment rental properties.
No Income Verification Required
Instant Pre-Approval
As Fast As 5 Days Funding
No Appraisal under $400K – AVM(Automated Valuation Model)
Suitable for properties with strong rental income
DSCR Product Overview
A DSCR loan is a program that evaluates the rental income generated by the property itself. Compared to traditional rental property loans, it offers a simpler and faster process.
| Item | Details |
|---|---|
| Minimum DSCR Ratio | 1.0 — Rental income must cover all property expenses (principal + interest + taxes + insurance) |
| Term | 30-year fixed (fully amortizing) |
| Loan Amount Range | $75,000 ~ $1,000,000 |
| Rate Discounts | 0.25% discount with Autopay enrollment |
| Minimum Credit Score | 680+ |
| Max CLTV (Refinance) | 80% |
| Max CLTV (Cash-Out) | 75% |
| Lien Position | First lien only |
| Origination Fee | 2% |
| Liquid Reserves | 3 months (based on PITI or DSCR payment requirement) |
| Title Insurance | Not required (replaced with immediate lien search) |
Required Documents:
Current lease agreement
Valid ID
Asset verification documents: Proof of 3–6 months of (Principal + Interest + Taxes + Insurance + HOA) reserves, verified for at least 90 days
Homeowners insurance documentation
- HOA statement (Homeowners Association / community dues documentation)
- If the property is held under an LLC:
Operating Agreement
Articles of Organization
Certificate of Good Standing
Resolution (authorizing the loan / signer authority)
States Available:
AK, AZ, AR, CA, CO, DE, FL, GA, ID, IN, KS, KY, LA, ME, MA, MO, MS, MT, NC, ND, NE, NJ, NV, OH, OK, PA, SC, SD, TN, TX, UT,
VA, WA, WI, and WY
Inexperienced Investors Only:
The eligibility matrix above applies to experienced investors.
For investors with no prior investment experience, the following adjustments apply:
-
Minimum Credit Score: 700
-
Maximum Loan Limit: Reduced by 50% from the standard limit
-
Maximum Loan Amount: $500,000
-
Maximum Cash-Out Amount: $250,000
-
Maximum LTV: Reduced by 5% from the standard limit
-
Minimum DSCR: Increased by 0.1
Inquiry for 5 Days Fast DSCR Loan:
Milestone Point Inc. In partnership with Loan Factory Inc. (NMLS #320841)
Licensed Mortgage Loan Officer: Terry Kwon (NMLS #2620208)
Residential Mortgage Licensed: AL, CA, CO, GA, IL, ME, NJ, NV, TX, VA, WA
Contact: (631) 624-4480
Email: terry@milestonepointinc.com
Milestone Point, Inc: 200 Garden City Plaza, Suite 215, Garden City, NY 11530
Loan Factory: 2195 Tully Road. San Jose, CA 95122
Disclaimer:
Loan approval is not guaranteed. Approval is subject to credit, income, assets, and other underwriting criteria.
Rates and terms are subject to change without notice.
Milestone Point Inc. partners with Loan Factory Inc. to provide access to multiple mortgage products.
All mortgage programs are offered through licensed mortgage brokers/loan officers registered with the NMLS.