DSCR & Investor
We buy DSCR loans.
Rental loans qualified on the property's cash flow, long-term and short-term, purchase and refinance.
For originators approved through our seller process who make business-purpose rental loans.
- No minimum
- Bid within 24 hours
- Servicing released or retained
Buy box
DSCR buy box
| Property types | 1-4 family rentals; multifamily and mixed-use under the small-balance commercial program. |
|---|---|
| Rental type | Long-term leases and short-term rentals (STR). |
| Loan purpose | Purchase, rate-and-term and cash-out refinance, with leverage set by purpose. |
| Borrowers | Entities with a personal guaranty, individuals, and foreign nationals. |
| Structure | Minimum DSCR, prepayment structures and interest-only terms per our matrix. |
| Valuation | Through an AMC with a local appraiser; every unit inspected; the lower of the income and sales approaches. |
| Leverage, credit and loan size | Set out in our guidelines and matrix, which approved sellers receive. |
How we review
Cash flow, valuation and every condition, reviewed in full.
After you accept our bid, our AI underwriting reviews the entire file (the appraisal and both valuation approaches, the rent and expense support, and every loan condition) and our underwriters clear it. That is how diligence clears fast and we close what we commit to.
Fit
What sells well, and what gets kicked out
Sells well
- Leases or rental history that support the stated rent
- Taxes, insurance and any HOA included in the DSCR
- An AMC appraisal with every unit inspected
- Entity documents and guaranty in the file
Gets kicked out
- A DSCR that leaves out taxes, insurance or HOA
- An appraisal from outside an AMC, or units not inspected
- Subordinate financing behind the loan
- Short-term rental income with no support in the file
What to send
What to send, and when.
Submit a tape (Excel/CSV or your loan system's export) or register loans in the CorrFirst seller portal.
To get a bid: tape fields or portal registration
- Loan ID, property address and property type
- Original and current balance, note rate and maturity
- As-is value, and after-repair value where there is one
- Lien position, occupancy and loan purpose
- Borrower credit score and experience
- Payment status and days delinquent
- DSCR, monthly rent and prepayment terms
After you accept: the loan file and collateral documents
- Note, mortgage or deed of trust, and any modifications
- Appraisal, through an AMC with a local appraiser
- Title policy or commitment, and evidence of insurance
- Closing statement and loan approval or conditions
- Borrower and entity documents, including any guaranty
- Payment history and current servicer information
- Leases or short-term rental history
Submit a tape (Excel/CSV or your loan system's export) or register loans in the CorrFirst seller portal. Approved sellers receive our tape template and collateral file checklist.
Become a SellerCommon questions
DSCR questions
What appraisal do you need?
Do you buy short-term rental loans?
Do you buy loans to foreign nationals?
Who can sell DSCR loans to CorrFirst?
Which expenses should the DSCR include?
Loans we buy
Other loans we buy
Fix & Flip / Bridge
Rehab and bridge loans, including partially drawn loans with draws still to fund.
See the buy boxGround-Up Construction
New construction up to 10 units, including multifamily and mixed-use.
See the buy boxSmall-Balance Commercial
Multifamily to 25 units and mixed-use to 10 units, $300K to $5M.
See the buy boxSpecialty / Hard-to-Place
Rural, acreage, modular, manufactured, bailouts and foreign nationals.
See the buy boxNon-QM
Bank-statement, alt-doc and other non-QM residential loans.
See the buy boxSeasoned & Performing Portfolios
Seasoned books from private lenders ready to recycle capital.
See the buy boxNext step
Have a DSCR loan to sell?
Submit a tape or register loans in the seller portal. Bid within 24 hours.
