Newport DSCR guidelines

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The full Newport DSCR guidelines, 8 parts and 79 topics, searchable by topic. Sign in to open any of them.

• Matrices4 topicsU.S. Citizen, Permanent, Non-Permanent Resident - DSCR (1 – 4 Units), DSCR PROGRAM HIGHLIGHTS AND RESTRICTIONS - (U.S. Citizen, Permanent, Non-Permanent Resident), ITIN - DSCR (1 – 4 Units), FOREIGN NATIONAL - DSCR (1 – 4 Units)
• General Policies and Products5 topicsCompliance, Loan Terms, ARM Caps, Margin, Index, Qualification Rates
• Borrowers Eligibility8 topicsEligible Borrowers, Foreign National Borrowers, Ineligible Borrowers, Investment Transactions
• Credit Analysis15 topicsCredit Doc Age, Credit Scores and Tradelines Requirements, Forbearance, Credit Counseling, Collections, Judgements, Liens
• Assets Analysis10 topicsAssets and Source of Funds, Ineligible Assets, Documenting Funds to Close and Reserves, Verification of Asset
• Income and Liabilities6 topicsMaximum Number of Financed/Exposure, Asset Utilization, Debt Service Credit Ratio (DSCR), Long Term Rental Income
• Collateral and Appraisal Requirements12 topicsEligible Property Types, Ineligible Properties, Appraisal Transfer, Appraisal Requirements
• General Guidelines19 topicsSeller Concessions, Non-Borrowing or Non-Title Spouse / Individuals, Non-Arm’s Length Transaction, Interested Party Transaction/Conflict of Interest