What if there were a way that you could tap into the equity in your rental property without disrupting your existing first mortgage? Well, now there is!
Navigator Private Capital is excited to offer a brand new loan product – Equity Advantage DSCR Second Mortgage. This game-changing solution lets you unlock your property's value while keeping your current first mortgage and favorable interest rate exactly where they are.
Why Choose a DSCR Second Mortgage?
Traditional refinancing can be costly and time-consuming, especially when you're giving up a great rate on your first mortgage. Our DSCR (Debt Service Coverage Ratio) second mortgage offers a smarter alternative. Instead of replacing your existing loan, we provide additional financing based solely on the property's rental performance.
The beauty of this program? No income or employment documentation required. Qualification is based entirely on the subject property's ability to generate cash flow, making it perfect for investors with complex income situations or multiple revenue streams.
Program Highlights That Work for Investors
Our DSCR second mortgage is designed with real estate investors in mind:
⭐ Flexible Qualification:
- Minimum DSCR ratio of just 1.00
- No personal income verification needed
- Minimum FICO score of 680
⭐ Loan Parameters:
- Loan amounts from $75,000 to $500,000
- Maximum Combined Loan-to-Value (CLTV) of 80%
- Available for single-family residences, PUDs, townhomes, and 2-4 unit properties
- No reserves required
⭐ Streamlined Process:
- AVM options available for loans under $400K (with rent schedule documentation)
- Faster closing times compared to traditional refinancing
- Close in as little as 2-3 weeks
- Keep your existing first mortgage terms intact
The Navigator Advantage
As your trusted lending partner, Navigator Private Capital understands that every investor's situation is unique. Our DSCR second mortgage program reflects our commitment to providing flexible, investor-friendly financing solutions that work in today's market.
Whether you're looking to scale your portfolio, improve existing properties, or simply optimize your capital structure, our team is here to help you evaluate if this program aligns with your investment strategy.
Ready to unlock your property's potential? Contact your loan officer today to discuss how our DSCR second mortgage product can work for you. Let's explore how this powerful tool can accelerate your real estate investment goals. Not sure who your loan officer is? Call 888.444.3160 to be put in touch or fill out the quote request form below to get started.