Guidelines
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Spectrum DSCR Matrix — FundLoans

DSCR Program (Investment Properties Only)

Effective Date: 5/19/2026 | V1.02

Maximum LTVs — DSCR >= 1.00

Loan Amount FICO Purchase Rate/Term Cash Out
<=1MM 740+ 80 80 75
720 80 80 75
700 80 80 75
680 80 80 75
660 80 80 70
>1.0 MM - 1.5 MM 740+ 75 75 70
720 75 75 70
700 75 75 70
680 70 70 60
660 65 65 60
>1.5 MM - 2.0 MM 740+ 75 75 60
720 75 75 60
700 70 70 60
680 65 65 N/A
660 60 60 N/A
>2.0 MM - 3.0 MM 740+ 75 75 60
720 75 75 60
700 70 70 60
680 65 65 N/A
660 60 60 N/A
>3.0 MM - 4.0 MM 700+ 65 65 N/A
660-699 60 60 N/A
>4.0 MM - 6.0 MM 660+ 60% LTV max case-by-case N/A

Maximum LTVs — DSCR >= 0.75

Loan Amount FICO Purchase Rate/Term Cash Out
<=1MM 740+ 75 75 70
720 75 75 70
700 75 75 65
680 70 70 60
660 60 60 60
>1.0 MM - 1.5 MM 740+ 70 70 65
720 70 70 65
700 70 70 65
>1.5 MM - 2.0 MM 740+ 65 65 60
720 65 65 N/A
700 65 65 N/A

Maximum LTVs — No Ratio*

*7 years no Housing Credit Events & 1 x 30 x 12 months all loans on personally held real estate. FN not allowed.

Loan Amount FICO Purchase Rate/Term Cash Out
<=1MM 740+ 75 75 65
720 70 70 60
700 65 65 60
680 65 60 60
660 60 60 60
660-699 65 65 60
>1.0 MM - 1.5 MM 740+ 70 70 60
720 65 65 60
700 65 65 60
>1.5 MM - 2.0 MM 740+ 65 65 60

Maximum LTVs — FN >= 1.0 (Foreign National)

Loan Amount FICO Purchase Rate/Term Cash Out
<=1.5MM 680+ 65 65 60
No FICO 65 65 60

Program Restrictions

Parameter Value
Housing 1x30x12 (0x30x24 No Ratio)
BK (Chap 13 Discharge) 24 mo
BK (Other) 24 mo
Foreclosure 24 mo
Short Sale/DIL 24 mo
Min FICO 660
Max LTV: Purchase 80
Max LTV: R/T 80
Max LTV: Cash-Out 75
Max CLTV 80
Max Loan Amount $6,000,000
Min Loan Amount $200,000
Fixed Terms 30 Year Fixed & 30 or 40 Year Fixed I/O
5/6 Mo SOFR ARM 3.750% Margin/Floor - 2/1/5 Caps
7/6 Mo SOFR ARM 3.750% Margin/Floor - 5/1/5 Caps
Qualifying Rate Qualify on the Note Rate

Cash-Out Limits

LTV Threshold Maximum Cash Out
≤60% LTV Unlimited
>60% LTV $1.5MM

Loan Amount Restrictions

  • Program Min: $200,000
  • Non-Warrantable Condo Max: $1,500,000

  • $2MM: 2nd appraisal required

  • $3MM: Additional overlays apply

Reserves

  • 6 mo PITIA/ITIA for subject property only
  • 1st Time Investor: 12 mo subject property only
  • Foreign National: 12 months subject +2 mo each addl property

Other LTV/CLTV Limits

Scenario Limit
Non-Warrantable Condo 75%
1st Time Investor -5% LTV
FN Purchase / Rate Term 65%
FN Cash Out 60%

Interest Only

  • IO Period: 120 Months
  • Loan Term: 480 or 360 mo
  • 5/6 & 7/6 Mo SOFR ARM IO + 30 & 40 Yr FRM IO
  • Max LTV/CLTV: 75%
  • DSCR ≥ .75 Only

Income — Debt Service Coverage Ratio (DSCR)

  • Gross Income/PITIA (or ITIA for I/O products)
  • Transaction qualified on cash flow of the subject property
  • Gross Income: Existing Long Term Lease, 12 mos Short Term (AirBnB) History, or 1007
  • Gross rents * .80
  • Refinance: 12 mo history
  • Purchase: STR 1007

STR Income (>1.00 DSCR + Loan Amount <$2MM)

  • Gross rents * .80
  • Refinance: 12 mo history
  • Purchase: STR 1007

Investor Experience

Experienced Investor

  • 12 months ownership of income-producing real estate experience in last 36 months

First Time Investor

  • Borrowers not meeting Investor Experience are eligible if:
    • DSCR ≥ 1.00