Newport DSCR Plus guidelines

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The full Newport DSCR Plus guidelines, 8 parts and 58 topics, searchable by topic. Sign in to open any of them.

• Matrices2 topicsU.S. Citizen, Permanent, Non-Permanent Resident, Foreign National
• General Policies and Products5 topicsCompliance, Underwriting Method, Loan Terms, Qualification Rates
• Borrowers Eligibility9 topicsEligible Borrowers, Foreign National Borrowers, Ineligible Borrowers, First Time Homebuyers
• Credit Analysis3 topicsCredit Scores and Tradelines Requirements, Housing History, Derogatory Credit Events
• Assets Analysis9 topicsReserves, Assets and Source of Funds, Ineligible Assets, Foreign Accounts
• Income and Liabilities3 topicsMaximum Number of Financed Properties, Debt Service Credit Ratio (DSCR), Vesting in Limited Liability Companies, Partnerships, Corporations, and S Corporations (each, an “Entity”)
• Collateral and Appraisal Requirements12 topicsEligible Properties, Ineligible Properties, Appraisal Transfer, Appraisal Requirements
• General Guidelines15 topicsInterested Party Contribution (IPC), Non-Arm’s Length Transaction, For Sale By Owner (FSBO), 1031 Exchange