Newport DSCR Plus.
100% gift funds, gift of equity, first-time homebuyers and living rent-free
Key figures.
- Score from
- 640
- allows 70% to $1.5M
- LTV up to
- 80%
- at 700+ to $1.5M
- Loans to
- $3M
- at 660+ and 75%
Limits by rental coverage.
Score · LTV · Loan in each cell, with the tier each needs beneath.
| Rental coverage | Purchase & rate/term | Cash-out |
|---|---|---|
| DSCR 1.00+ | 640+ score80% LTVloans to $3M80% at 700+ to $1.5M; $3M at 660+ and 75%; 640 allows 70% to $1.5M | 640+ score75% LTVloans to $2M75% at 700+ to $1M; $2M at 680+ and 65%; 640 allows 60% to $2M |
| DSCR 0.75–0.99 | 640+ score75% LTVloans to $3M75% at 660+ to $3M; $3M at 660+ and 75%; 640 allows 70% to $1M | 640+ score70% LTVloans to $2M70% at 680+ to $1.5M; $2M at 680+ and 65%; 640 allows 60% to $2M |
| DSCR 0.50–0.74, purchase only | 660+ score60% LTVloans to $2M60% at 660+ to $1M; $2M at 700+ and 60% | Not offered |
| Foreign national | No score required score70% LTVloans to $1.5M | No score required score60% LTVloans to $1.5M |
What to know.
- Loan amount
- $100K–$3MUpper standard tiers are purchase / rate-and-term only; foreign-national limits differ.
- Minimum DSCR
- 0.50Below 0.75 is purchase only, with reduced leverage and specific credit / loan tiers.
- Purchase / R&T
- 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.
- Minimum FICO
- 640Standard matrix, DSCR at least 0.75. Lower coverage requires stronger credit.
- Reserves
- 0–9 monthsNone through $1M at 75% LTV or less (not for foreign nationals); otherwise 3 through $1M, 6 through $2M, 9 above $2M. Review low-DSCR requirements separately.
- Overseas investors
- Separate foreign-national pathUse its own coverage, loan amount and leverage limits.
- Ways to qualify
- DSCR and foreign nationalNot offered: full doc, bank statements, P&L only, WVOE only, asset utilization, ITIN and recent credit event.
Documents.
Other programs.
Compare with
- DSCR · Newport familyNewport DSCRNo-seasoning cash-out on current value, and assets that boost the DSCR
- Score
- 620+
- LTV
- 80%
- Loan
- $3M
- 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
Questions brokers ask.
Can a loan below a 0.75 DSCR be refinanced?
The below-0.75 DSCR columns are purchase only. Refinance eligibility must be reviewed in a qualifying higher coverage band.
What changes for a non-warrantable condo?
The matrix calls for a leverage reduction. Review the project requirements together with other applicable overlays rather than relying only on the headline maximum.
Your next borrower. Our next conversation.
Bring us your next Newport DSCR Plus loan.
Send the scenario, ask JMAC a question, or get set up with your lending team.