The DGNQM Investor program is for experienced real estate investors who are purchasing or refinancing investment properties to be held for business purposes.
For investors who have a history of owning and managing residential or commercial real estate DG PINNACLE FUNDING, LLC, (DBA DG Pinnacle Home Loans) will finance up to 8 properties or $2 million for one borrower, whichever is less.
The loan qualification is determined based on a debt coverage ratio, DCR, with borrowers qualifying based on subject property cash flows.
- Min FICO 600
- Employment and income not disclosed on the 1003
- DTI not calculated
- DCR = 1.0
- 4506T not required
- Up to 8 properties or $2M for one borrower, whichever is less
- 5/1, 7/1, 10/1, 15 and 30 year fixed. Interest only available on 5/1 ARM*
- Borrower may own an unlimited number of financed properties
- Max LTV 80%
- Cash-Out Up To $2M
- No ownership seasoning requirement for cash-out refinance
- Loan amount up to $2M
- Gift Funds / Gift of Equity allowed (refer to guidelines)
- Perfect loan for borrowers who acquired investment properties paying all cash (recoup some cash) or borrowers who used hard money loans to acquire real estate