Venice DSCR.
No 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
Program highlights.
- No minimum DSCR, with restrictions
- SFR, condos, 2–4 units, 5–8 units, 2–8 mixed use and short-term rentals
- Cash-out up to $1M, and cash-out can meet reserves
- Loans can close in a company name
Key figures.
- Score from
- 640
- allows 75% to $1M
- LTV up to
- 80%
- purchase, at 700+ to $1.5M
- Loans to
- $3.5M
- at 700+ and 70%
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 $3.5M80% at 700+ to $1.5M; $3.5M at 700+ and 70%; 640 allows 75% to $1M; rate/term 75% | 660+ score75% LTVloans to $3M75% at 700+ to $1.5M; $3M at 700+ and 65%; 660 allows 70% to $1.5M |
| Below 1.00 / no ratio | 660+ score75% LTVloans to $3M75% at 700+ to $1.5M; $3M at 700+ and 65%; 660 allows 65% to $1M; rate/term 70% | 700+ score70% LTVloans to $2M70% at 700+ to $1.5M; $2M at 700+ and 65% |
| DSCR Plus | 680+ score80% LTVloans to $2.5M80% at 700+ to $1.5M; $2.5M at 680+ and 70%; 680 allows 75% to $1.5M; rate/term 75% | 680+ score75% LTVloans to $2.5M75% at 700+ to $1.5M; $2.5M at 680+ and 65%; 680 allows 70% to $1.5M |
| Foreign national | 680+ score75% LTVloans to $2.5M75% at 680+ to $1.5M; $2.5M at 680+ and 65% | 680+ score70% LTVloans to $2M70% at 680+ to $1M; $2M at 680+ and 60% |
| 5–8 units & mixed use | 700+ score75% LTVloans to $3M75% at 700+ to $1.5M; $3M at 720+ and 60% | 700+ score65% LTVloans to $2.5M65% at 700+ to $2M; $2.5M at 720+ and 60% |
What to know.
- Loan amount
- $100,000–$3.5MAbove $3M: 700+ FICO, DSCR ≥ 1.00; purchase or rate-and-term only.
- Maximum LTV
- 80% purchase · 75% refiTop tier: 700+ FICO, DSCR ≥ 1.00, $150K–$1.5M. Property and location limits apply.
- Minimum FICO
- 640With DSCR ≥ 1.00. Below 1.00 and no-ratio tiers start at 660.
- DSCR options
- Below 1.00 & no ratioLower LTV tiers apply. Loans under $150K require a minimum 1.25 DSCR.
- Reserves
- 2–12 months PITIA2 months through $1.5M; 6 above $1.5M; 12 above $2.5M. IO uses ITIA.
- Property types
- 1–8 units · 2–8 mixed useSFR, condos and 2–4 units, plus 5–8 unit residential and 2–8 unit mixed use (wholesale, $400K–$3M, 1.00+ DSCR). Non-warrantable condo and condotel options; condotels max out at $1.5M.
- 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
- 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
Questions brokers ask.
Does Venice use the borrower’s personal income to qualify?
Venice DSCR qualification centers on the subject property’s rental income. Credit, assets, investor experience, property and other program requirements still apply.
Can Venice cover short-term rentals?
The 1–4 unit segment has specific short-term rental documentation paths. Short-term rentals are not eligible for the 5–8 unit residential or 2–8 mixed-use segment.
Can a foreign national investor be considered?
Venice has a separate foreign national matrix for 1–4 unit investment properties. Use that matrix and its borrower, credit, reserve and transaction requirements.
Your next borrower. Our next conversation.
Bring us your next Venice DSCR loan.
Send the scenario, ask JMAC a question, or get set up with your lending team.