DSCR programs.
Explore investment-property programs, then compare the differences in rental coverage, credit and loan structure.
- Programs
- 4
- Score from
- 620+
- Newport DSCR
- LTV up to
- 80%
- Venice DSCR and 3 more
- Loans to
- $3.5M
- Venice DSCR
4 programs.
- DSCRVenice DSCRNo minimum DSCR on 1–4 units, including rural, short-term rentals and condo hotels; 5–8 units and 2–8 mixed use at 1.00+ DSCR
- Score
- 640+
- LTV
- 80%
- Loan
- $3.5M
- DSCRDSCR PrimeA well-priced option for long-term rentals with positive cash flow
- Score
- 640+
- LTV
- 80%
- Loan
- $2M
- DSCR · Newport familyNewport DSCRNo-seasoning cash-out on current value, and assets that boost the DSCR
- Score
- 620+
- LTV
- 80%
- Loan
- $3M
- DSCR · Newport familyNewport DSCR Plus100% gift funds, gift of equity, first-time homebuyers and living rent-free
- Score
- 640+
- LTV
- 80%
- Loan
- $3M
Need the DSCR before the appraisal? Estimate it with the DSCR calculator
The differences that matter.
Standard 1–4 unit investment loans
Compare the same borrower and property profile. Foreign-national, ITIN, Venice DSCR Plus and larger-unit paths use separate matrices. A program’s lowest score and highest LTV may not apply to the same loan.
| Compare by | DSCR Prime | Venice DSCR | Newport DSCR | Newport DSCR Plus |
|---|---|---|---|---|
| DSCR | 1.001.25 minimum for loans below $150K. Stronger coverage opens higher LTV tiers. | Below 1.00 & no ratioLower LTV tiers apply. Loans under $150K require a minimum 1.25 DSCR. | Above & below 1.00Separate bands cover 0.75–0.99 and below 0.75; not every band allows every loan tier. | 0.50Below 0.75 is purchase only, with reduced leverage and specific credit / loan tiers. |
| Minimum FICO | 640Lower loan and LTV tiers; cash-out is not available at 640–659. | 640With DSCR ≥ 1.00. Below 1.00 and no-ratio tiers start at 660. | 620-score optionsReduced leverage in selected tiers; use the applicable coverage band. | 640Standard matrix, DSCR at least 0.75. Lower coverage requires stronger credit. |
| Loan amount | $100K–$2MLoans under $150K require at least 1.25 DSCR and lower leverage. | $100,000–$3.5MAbove $3M: 700+ FICO, DSCR ≥ 1.00; purchase or rate-and-term only. | $100K–$3MLoans under $150K cap at 75% purchase and rate/term, 70% cash-out. Foreign national loans start at $125K. | $100K–$3MUpper standard tiers are purchase / rate-and-term only; foreign-national limits differ. |
| Purchase LTV | Up to 80% LTV700+ FICO, DSCR at least 1.15 and loan amount through $1.5M. First-time investors and non-permanent residents cap at 75%; property and location overlays apply. | Up to 80% LTVTop tier: 700+ FICO, DSCR ≥ 1.00, $150K–$1.5M. Property and location limits apply. | Up to 80% LTV700+ FICO through $1.5M with DSCR of 1.00 or more. At 0.75–0.99, purchase keeps 80% through $1.5M and rate/term reaches 80% only through $1M. Asset-supported qualification has separate overrides. | Up to 80% LTVStandard path, 700+ FICO, DSCR at least 1.00 and loan amount through $1.5M. First-time homebuyers take a 5% reduction. |
| Cash-out | Up to 75% LTV700+ FICO, 1.15+ DSCR, through $1.5M. Up to $500K cash in hand; not available at 640–659. | Up to 75% LTV700+ FICO through $1.5M. Up to $500K cash in hand at 65% LTV or more, $1M below 65%. Cash-out can meet reserves. | Up to 75% LTVNo seasoning: on current appraised value. Up to $600K cash in hand above 65% LTV, $1M at 65% or less, unlimited at 60% or less. | Up to 75% LTV700+ FICO through $1M with 1.00+ DSCR; lower above $1M and at lower scores. |
| Reserves | 6 months PITIASubject property only. Escrow waivers require additional reserves. | 2–12 months PITIA2 months through $1.5M; 6 above $1.5M; 12 above $2.5M. IO uses ITIA. | 0 / 2 / 6 monthsStandard path: none through $1.5M, 2 months above $1.5M, 6 above $2.5M. | Waiver or 3–9 monthsWaiver at ≤$1M and ≤75% LTV. Other tiers and vacant refinances have separate reserve requirements. |
| Short-term rentals | Not eligibleLong-term rental properties only. | EligibleStandard 1–4 unit tiers: up to 75% purchase / 70% refinance, subject to income documentation and lower matrix limits. Not on DSCR Plus or 5–8 unit / mixed use. | EligibleUp to 75% purchase / rate-and-term, 70% cash-out. Asset utilization cannot supplement STR rent. | Eligible at 1.15+ DSCRUp to 75% purchase / 70% refinance; lower matrix and property limits still apply. |
| Compare by | Venice DSCR | DSCR Prime |
|---|---|---|
| DSCR | Below 1.00 & no ratioLower LTV tiers apply. Loans under $150K require a minimum 1.25 DSCR. | 1.001.25 minimum for loans below $150K. Stronger coverage opens higher LTV tiers. |
| Minimum FICO | 640With DSCR ≥ 1.00. Below 1.00 and no-ratio tiers start at 660. | 640Lower loan and LTV tiers; cash-out is not available at 640–659. |
| Loan amount | $100,000–$3.5MAbove $3M: 700+ FICO, DSCR ≥ 1.00; purchase or rate-and-term only. | $100K–$2MLoans under $150K require at least 1.25 DSCR and lower leverage. |
| Purchase LTV | Up to 80% LTVTop tier: 700+ FICO, DSCR ≥ 1.00, $150K–$1.5M. Property and location limits apply. | Up to 80% LTV700+ FICO, DSCR at least 1.15 and loan amount through $1.5M. First-time investors and non-permanent residents cap at 75%; property and location overlays apply. |
| Cash-out | Up to 75% LTV700+ FICO through $1.5M. Up to $500K cash in hand at 65% LTV or more, $1M below 65%. Cash-out can meet reserves. | Up to 75% LTV700+ FICO, 1.15+ DSCR, through $1.5M. Up to $500K cash in hand; not available at 640–659. |
| Reserves | 2–12 months PITIA2 months through $1.5M; 6 above $1.5M; 12 above $2.5M. IO uses ITIA. | 6 months PITIASubject property only. Escrow waivers require additional reserves. |
| Short-term rentals | EligibleStandard 1–4 unit tiers: up to 75% purchase / 70% refinance, subject to income documentation and lower matrix limits. Not on DSCR Plus or 5–8 unit / mixed use. | Not eligibleLong-term rental properties only. |
More differences: borrower paths & gift funds
| Compare by | DSCR Prime | Venice DSCR | Newport DSCR | Newport DSCR Plus |
|---|---|---|---|---|
| Other paths to explore | A focused path for long-term rental properties. | Broader property options: 5–8 unit residential and 2–8 unit mixed use for wholesale, with their own matrix. | Eligible assets can supplement rent. That path excludes short-term rentals, ITIN and multiple loans in process. | First-time buyers, including those living rent-free. A 5% LTV reduction applies except for foreign nationals. |
| Special borrower paths | U.S. citizens and eligible residents. No foreign-national or ITIN path. | A separate foreign-national matrix. ITIN borrowers are not eligible. | Dedicated ITIN and foreign-national options, each with its own matrix. | A separate foreign-national matrix. ITIN borrowers are not eligible. |
| Gift funds | After a 10% borrower contribution; not for reserves. Transaction restrictions apply. | After a 10% borrower contribution; not for reserves or 5–8 unit / mixed-use loans. | 100% gift funds for down payment and closing costs. Gift of equity is not permitted. | Gift funds may cover down payment, closing costs and reserves. Gift of equity is allowed but not to meet reserve requirements. |
| Compare by | Venice DSCR | DSCR Prime |
|---|---|---|
| Other paths to explore | Broader property options: 5–8 unit residential and 2–8 unit mixed use for wholesale, with their own matrix. | A focused path for long-term rental properties. |
| Special borrower paths | A separate foreign-national matrix. ITIN borrowers are not eligible. | U.S. citizens and eligible residents. No foreign-national or ITIN path. |
| Gift funds | After a 10% borrower contribution; not for reserves or 5–8 unit / mixed-use loans. | After a 10% borrower contribution; not for reserves. Transaction restrictions apply. |
Start with these distinctions, then check the selected program’s guidelines for the full scenario.
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