Its like .12 but again this is what I was saying before, a lot of these all in one programs dont do “it all” very well.

I have been able to do this for both purchases and cash-out refinances on multiple deals for clients of mine.Typically your max loan-to-value will be 75-80% LTV, but this specialized program will limit you to 10% LTV/LTC less than what you can traditionally do.

Santarelli,Does your company have any multi-family dwellings available for this program you offer, or is it all SFR?

Its a great program of you know what the hell you are doing.

Brickell has that same kind of potential, but with even higher rent ceilings thanks to its location.A couple of things to keep in mind as you dive in:Financing: As a first-time buyer, you might qualify for low down payment programs.

I’m interested in getting involved in the program. thanks,jason  

(no waiting period to simply refi what is owed) DSCR programs are not purchased by Fannie/Freddie so they can set their own rules and some have a waiting period as short as 3 months. 

I’m not able to personally qualify for cash out refinances.I'm looking to sell my home located in Southwest Florida in a HOA community but want to remain in the home to lease- 3 years or more.Does anyone have experience with this type of program or have any suggestions for me on where to look to get this done.

I'm in the camp of get help from a real person as opposed to listen to more podcasts and read these threads.I'll agree that you need to be very cautious with a "Program".

They aren't the best when it comes to DSCR loans, but that isn't to say their DSCR program is bad.