Hawaii Loan Options
Debt Service Coverage Ratio (DSCR) Loan
This financing option presents an exceptional opportunity for investors seeking to fund a home, condo, or condotel in Hawaii without the necessity of traditional employment.
Tailored for investors aiming to leverage cash flow from the subject property as a qualifying metric, this program accommodates various rental income sources, including condotels, VRBO, and Airbnb. The cash flow generated can be combined with acceptable income sources from our Alternative Document or Non-QM loan programs, eliminating the need for tax returns in the qualification process.
For instance, the interest rates are tiered based on cash flow, starting with the most favorable rate at a 1.5:1 ratio of the subject property’s total debt service, followed by a 1.1:1 ratio, and a final tier of ≤0.75:1, offering flexibility and competitive rates for diverse investor scenarios.
Program Highlights of the Investor Cash Flow/DSCR Loan:
Program Highlights:
- Investment property only
- Qualify using cash flow from the subject property (lease agreements, short-term rental receipts, and appraisal form 1007: Market Rent Survey)
- Minimum FICO = 575
- Maximum loan amount: $5,000,000
- Rates based on cash flow of the subject property’s ratio
Eligible Property Types:
- Single Family Homes
- Condominiums
- Condotels
- Site Condos (Hawaii CPR properties)
- Airbnb, VRBO, etc.
Loan Terms:
- 5/1 ARM
- 7/1 ARM
- 30-year Fixed
- Interest-Only options are available
*These products may have a higher interest rate, more points or more fees than other products requiring documentation.
Information and self-help tools are provided for your independent use and are not intended to provide investment advice. We cannot and do not guarantee loan eligibility or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to speak with one of our experienced loan officers for a loan eligibility analysis and custom rate and payment estimate.
