Search Mortgage by Steve — Direct DSCR, Bridge & Rental Portfolio Financing (mortgagebysteve.com)
Open Benchmark Datasets (4)
Comprehensive 51-jurisdiction dataset covering maximum DSCR LTV caps, minimum DSCR coverage ratios, judicial vs. non-judicial foreclosure frameworks, security instruments, and business-purpose licensing rules.
Quantitative breakdown of verified wholesale DSCR lenders, direct private lenders, wholesale Account Executives (AEs), NMLS mortgage brokers, Form 1007 AMCs, contract processors, investor title companies, and investor Realtors.
Side-by-side comparison of how wholesale DSCR shelves underwrite Short-Term Rental (Airbnb/VRBO) income across Form 1007 Long-Term Market Rent, AirDNA Rentalizer projections, and 12-month platform payout ledgers.
Structural underwriting comparison across 1-unit SFR/Condo, 2–4 unit residential plexes, 5–8 unit hybrid small-balance multifamily, 5–10 unit commercial, 11–25 unit multifamily, and 5–50+ door cross-collateralized blanket portfolios.
Loan Programs (10)
Specialty Calculators (6)
Calculate exact exit payoff fees across 5-4-3-2-1 step-down, 3-2-1 step-down, flat 3-year, and 6-month interest structures based on payoff month (zero interest rate quotes).
Compare maximum cash-out proceeds under 0–90 Day Delayed Financing (lesser of 75% ARV or 100% HUD-1 Purchase + Rehab Cost) vs. 3-Month and 6-Month Full-ARV DSCR Cash-Out shelves.
Compare usable qualifying income and DSCR coverage across Form 1007 Long-Term Rent (0% haircut), T-12 Airbnb/VRBO Payout Ledger, and AirDNA Rentalizer (10% vs. 20% lender haircut).
Simulate a two-stage acquisition: Stage 1 RTL Bridge (up to 85%–90% LTC / 70%–75% ARV) transitioning into Stage 2 Permanent DSCR Takeout Refinance (75% ARV) to verify net cash left in deal.
Compute Commercial Net Operating Income (NOI), Cap Rate, Debt Yield (NOI ÷ Loan Amount), and maximum supportable loan size at 8.5%, 9.0%, and 9.5% institutional debt-yield floors.
Model partial property payoffs inside a cross-collateralized multi-property DSCR blanket loan using 110%, 115%, and 120% allocated loan balance release clauses.
Underwriting Glossary (22)
The ratio of a rental property’s gross monthly rental income to its total monthly PITIA debt obligation.
Fannie Mae Form 1007 appraisal addendum used by DSCR underwriters to establish objective market rent on 1-unit investment properties.
Standard 2–4 unit duplex, triplex, and fourplex appraisal and comparable rent schedule required for multi-unit DSCR loans.
A 5-year declining prepayment fee structure charging 5% in Year 1, 4% in Year 2, 3% in Year 3, 2% in Year 4, 1% in Year 5, and 0% thereafter.
A 3-year declining prepayment penalty charging 3% in Year 1, 2% in Year 2, 1% in Year 3, and 0% after Month 36.
An institutional prepayment calculation that makes the lender whole for lost interest spread relative to U.S. Treasury yields.
A specialized DSCR program for properties whose current monthly rent is below monthly PITIA (0.75x–0.99x) or where no ratio is required.
Using AirDNA Rentalizer or 12-month Airbnb/VRBO payout history instead of a long-term lease to qualify a vacation rental DSCR loan.
Refinancing an all-cash investment property purchase within 0 to 180 days of acquisition to recoup purchase capital + documented rehab.
The number of months an investor must hold title to a renovated property before refinancing based on its new After Repair Value (ARV).
The complete monthly housing expense denominator used to calculate Debt Service Coverage Ratio (DSCR).
A DSCR loan featuring an initial 10-year interest-only period followed by a 20-year or 30-year principal amortization schedule.
An institutional 12-to-24 month short-term bridge loan used to acquire and renovate 1–4 unit investment properties.
Whether interest on a fix-and-flip or construction loan is charged on the full committed loan amount (Dutch) or only on drawn funds (Non-Dutch).
The total loan amount divided by total project cost (Purchase Price + Documented Rehab Budget).
The total committed bridge loan (acquisition + rehab holdback) divided by the appraiser’s projected After Repair Value (ARV).
Holding title to investment properties inside an LLC, Series LLC, or LP to segregate liability while borrowing under a personal guaranty.
DSCR investment property financing for non-U.S. citizens residing abroad (Foreign Nationals) or U.S. residents filing with an ITIN.
Wholesale DSCR financing for condominium units that fail Fannie Mae/Freddie Mac warrantability rules due to short-term rentals, investor concentration, or resort amenities.
A single commercial or DSCR note secured by 2 to 25+ rental properties under one master loan and payment.
Net Operating Income (NOI) DSCR underwriting used for 5+ unit apartment buildings and mixed-use assets.
Dwelling Policy Form 3 (DP-3) landlord hazard and rent-loss coverage required by wholesale DSCR lenders.