Access investment-property equity
DSCR Cash-Out Refinance for Rental Properties
Explore a DSCR cash-out refinance for an eligible rental property and approved business purpose using the value, payoff, rent, credit, and requested proceeds.
Use rental-property equity for a business purpose
A DSCR cash-out refinance can replace existing investment-property debt and provide eligible equity proceeds for a documented business purpose. Investors may consider cash-out proceeds for another acquisition, property improvements, reserves, business liquidity, or another permitted investment strategy.
Current valueA supported property value establishes the available equity range.
Existing liensAll mortgage balances and payoff requirements must be reviewed.
Requested proceedsExplain the target cash-out amount and intended business purpose.
Factors that can limit available cash-out
- Maximum loan-to-value rules for the selected program.
- Property and title seasoning requirements.
- Credit history and mortgage-payment history.
- Debt service coverage based on eligible rent and the new payment.
- Property type, condition, marketability, and appraisal findings.
- Required reserves and post-closing liquidity.
- State restrictions, entity structure, and permitted use of proceeds.
Free-and-clear rental properties
A property without an existing mortgage can still be reviewed as a cash-out transaction. The payoff is zero, but the lender will review ownership seasoning, acquisition history, improvements, current value, rental status, requested proceeds, and the business-purpose use of funds.
Cash-out is not based on equity alone
Property equity is only one part of the review. The proposed DSCR payment must be evaluated against eligible rental income, and the investor must satisfy the program’s credit, reserve, documentation, property, and compliance requirements.
Loan proceeds from the programs presented on this site may not be used for personal, family, or household purposes.
Frequently asked questions
How much cash can I take out?
Available proceeds depend on the supported property value, eligible maximum leverage, current payoff, closing costs, coverage ratio, credit, reserves, seasoning, and program requirements.
Can cash-out funds be used for another rental property?
Funding another investment-property acquisition may be an eligible business purpose, subject to the final program and documentation.
Can I cash out a recently purchased property?
Seasoning and valuation rules vary. Provide the acquisition date, purchase price, improvements, current value, and requested proceeds for review.
Does the property need to be rented?
Rental status and acceptable income documentation vary by program. Vacant, newly leased, and stabilized properties can be treated differently.
Talk through the rental property numbers.
Call the NonQM123 DSCR Desk or send the scenario online for a business-purpose investment-property review. Program availability and terms depend on the complete scenario and underwriting approval.
Business-Purpose Investment Financing
This DSCR website presents financing intended for eligible non-owner-occupied investment properties and business purposes only. The subject property may not be occupied by the borrower or the borrower’s family when prohibited by the applicable loan program. Loan proceeds may not be used for personal, family, or household purposes.
- Non-owner-occupied investment property
- Business-purpose loan proceeds only
- Subject to underwriting and state restrictions
Program availability, occupancy requirements, loan terms, and eligibility are subject to underwriting guidelines, property review, credit approval, state restrictions, and lender approval.