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DCSR HELOC
A second-lien line of credit for real estate investors that lets you tap into rental property equity quickly, qualify based on property cash flow, and close in an LLC without refinancing your first mortgage.
A second-lien line of credit for real estate investors that lets you tap into rental property equity quickly, qualify based on property cash flow, and close in an LLC without refinancing your first mortgage.
About this loan
A DSCR-based HELOC designed for real estate investors who want fast access to equity without refinancing their first mortgage. This is a revolving second lien, underwritten strictly on property cash flow, not personal income. No tax returns, W2s, or DTI calculations. Loans close in an LLC with a personal guarantee.
Core Features
Loan Amount: $100,000 to $500,000
LTV: Up to 70% (purchase/rate-term), 65% (cash-out)
CLTV with seasoning: Up to 75% after 12 months
DSCR Minimum: 1.00
Terms: 5, 10, or 30-year options
Payments: Interest-only, no balloon
Prepayment Penalty: None
Closing Timeline: 10 to 14 days
Minimum Draw: $1,000
Eligible Properties
Non-owner occupied single-family homes
Warrantable condos
2 to 4 unit residential properties
Must be rent-producing or capable of producing rent
C4 condition or better
Borrower Requirements
Must close in an LLC or corporation
Minimum 650 FICO
No mortgage lates in last 12 months
Personal guarantee required
What It’s Good For
Pulling equity without touching a low-rate first mortgage
Creating flexible capital for new acquisitions or renovations
Investors who want speed and minimal documentation
This program is built for investors who understand leverage and want clean access to capital without full-doc underwriting.