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Andrade Real Estate Services

Rate & Term

  • Investment
  • Non-QM
  • 700 Min FICO
  • 70% Max LTV

The Accelerator DSCR 5–8 Unit Rate & Term Refinance Program is designed for experienced real estate investors seeking flexible refinancing options for small residential multifamily properties containing five to eight units. This program focuses entirely on the property’s ability to generate income, using the Debt Service Coverage Ratio (DSCR) to determine eligibility rather than traditional income documentation.

 

This program is ideal for borrowers who:

  • Prefer to show no income documentation.
  • Qualify primarily through property cash flow (DSCR-based).
  • Want to refinance existing investment properties (5–8 units) to improve rate, term, or loan structure.

Max Loan

Credit Score

DSCR ≥ 1.00 (LTV)

Reserves

<$1M

700+

70%

6 months PITIA

$1M-1.5M

700+

70%

6 months PITIA

$1.5M-2M

700+

65%

6 months PITIA

Occupancy Requirement

Primary residence


Borrower may not occupy or allow family members to occupy the subject property.

Note


Primary and second homes are not eligible.

First Time Investor

Definition


Borrower must have a history of owning and managing commercial or non-owner occupied residential real estate for at least 1 year in last 3 years. 

Requirement


First time investors are not eligible.

Residency Eligibility

Eligible


  • Valid SSN — must have a valid Social Security Number (SSN).
  • Permanent residents — must provide a valid, unexpired Green Card.
  • Non-permanent residents — eligible with valid visa or Employment Authorization Document (EAD).

Ineligible


  • Foreign nationals who do not reside in the U.S. are ineligible,
  • Borrowers with one or more housing late payments in the past 12 months,
  • Borrowers without a social security number, or with a number that cannot be validated through the SSA are ineligible.
  • Borrowers with diplomatic immunity are ineligible.
  • Borrowers with expired residency or ID documentation are ineligible.
  • Borrowers previously convicted of mortgage fraud are ineligible.

Income Consistency Requirements

Employment History


  • You don’t need to show personal income, pay stubs, or tax returns, this program qualifies you based on the property’s monthly rental income instead.
  • This rental income is compared to the monthly mortgage payment (including taxes and insurance) to make sure the property can cover its own costs.

Notes


  • DSCR ≥ 1.00: The property must make enough money to fully cover the mortgage payment.

Loan Amounts

Minimum Loan Amount


$400,000.

Maximum Loan Limits


$2,000,000.

Property Types

Eligible


  • SFRs (Single-Family Residences),
  • 2–4 Units (must occupy one unit),
  • PUDs (attached/detached),
  • Condominiums (attached/detached; warrantable only. Non-warrantable considered case-by-case),
  • Condo Hotels or Motels (projects operated as hotel/motel, hotel/motel conversions).

Ineligible


  • Manufactured homes,
  • Rural properties,
  • Commercial property,
  • Properties exceeding two acres in lot size,
  • Vacant land or land development properties,
  • Mixed used properties.

Disclaimer – This matrix was published on 09/20/2025. Program guidelines may have changed since then. Please contact Alexis to confirm the most current requirements. For complete details, refer to the Partner Matrices PDF or reach out directly to Alexis for program-specific guidance.

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Contact Loan Officer

Alexis Andrade
Mortgage Loan Officer
NMLS #2553405
alexis@sjmorganple.com