Can I qualify my rental using only lease income?

Yes. The DSCR track uses gross rental income against PITIA plus HOA — no personal income documents or DTI calculation. You need a minimum 1.10x coverage ratio and 720+ FICO, with CLTV up to 70% on loans at or below $500,000.

Do I need tax returns if I have 12 months of bank statements?

No. Twelve months of personal or business statements replace tax returns for self-employed and 1099 borrowers. Business accounts typically use a 50% expense factor; personal accounts use 100% of deposits. DTI is capped at 50%.

Can I vest this loan under my LLC?

Yes, LLC vesting is permitted on eligible transactions, including investment properties held in an entity.

What are the credit score minimums?

This is an investor-only program: 700 minimum FICO on the 12-month bank statement track and 720 on the DSCR track. Scores below 700 are ineligible.

Do I have to touch my existing first mortgage?

No. Every program here is a standalone second lien or HELOC, so your low-rate first mortgage stays exactly as it is.

Investor 2nd Mortgages Up to $1M

Dual-track qualification calculator

Model your standalone second lien against the live guideline matrix — DSCR rental cash flow or 12-month bank statements. Results update as you type.

Property type

Investment property (non-owner-occupied)

Credit score (FICO tier)

Estimated property value$600,000

Existing 1st mortgage balance$250,000

Current 1st lien CLTV: 42%

Total 12-month personal or business deposits$480,000

Expense factor50%

50% is standard for business accounts. Use 0% for personal accounts.

Other monthly personal debt obligations$1,200

Auto loans, credit cards, student loans, and your existing 1st mortgage payment.

Estimated standalone 2nd lien

$200,000

Max permissible CLTV

75%

Interest-only payment

$1,646/mo

Qualifying income

$20,000/mo

Debt-to-income

14%

Eligible for Desktop AVM (skip full appraisal)

Payment shown at a 9.875% placeholder rate. 5-Year Interest-Only Draw / 30-Year Maturity / 25-Year Amortization. 75% CLTV — Investor bank statement, 720+ FICO, loan ≤ $500k.

Automated valuation (AVM) available — no full appraisal required.

Loan sizes $50,000 – $1,000,000 · $0 origination & broker fees

Estimates only, based on the published guideline matrix and a placeholder interest-only rate. Final terms depend on FICO, CLTV, valuation, and index pricing. Not a commitment to lend. Proprietary qualification model — output is for your own scenario only and may not be reproduced or redistributed.

How it works

1
Model the scenario
Enter the rental property value, first-lien balance and credit tier. The calculator applies the live investor guideline matrix as you type.
2
Confirm the track
DSCR rental cash flow or 12-month bank statements. The underwriting concierge answers guideline questions against your own numbers.
3
Submit for terms
Hand off the scenario in 60 seconds. A senior underwriter confirms structure, CLTV and pricing — no credit pull at this stage.

Program highlights

Qualify without tax returns

12-month personal or business bank statements, DSCR rental cash flow, asset utilization, or 1-year full doc. Automated income verification available.

5-year interest-only draw

Variable-rate HELOC or standalone 2nd lien: 5-year interest-only draw, 25-year amortization, 30-year total maturity.

AVM to $400,000

Automated valuations up to $400,000 with no full appraisal. Zero ownership seasoning required on investor collateral.

Broad collateral & LLC vesting

Rental SFR, PUD, townhomes, condos, non-warrantable condos, and 2–4 unit multi-family. LLC vesting allowed; rural acreage to 10 acres on investor collateral.

$50k – $1,000,000

Standalone second liens sized from $50,000 to $1,000,000 with zero origination fees and zero broker fees on every file.

Institutional execution

Direct guideline access, same-day scenario reads, and structure feedback from a senior underwriting desk.

Guideline answers

Have a scenario? Get a read in 60 seconds.