Program 7
DSCR Loans With Low FICO or No FICO
Program 7 is a separate higher-rate option for investors who need more flexibility on credit or DSCR. Purchases can reach up to 75% LTV, refinances can reach up to 60% LTV, there is no minimum DSCR ratio requirement, and qualifying loan amounts can reach up to $10 million.
The old Program 7 FICO tier ladder no longer applies. Program 7 is now structured by transaction type: qualifying purchases can go up to 75% LTV and qualifying refinances can go up to 60% LTV for low-FICO or no-FICO borrowers. Final terms still depend on the property, loan size, reserves, and the capital partner's full underwriting requirements.
Program 7 Current Limits
Purchase
Up to 75% LTV
Low FICO or no traditional FICO score can be considered, subject to full file eligibility.
Refinance
Up to 60% LTV
Program 7 refinance leverage is capped at up to 60% LTV, subject to full file eligibility.
DSCR
No Minimum Ratio
Program 7 does not impose a minimum DSCR ratio requirement.
Max Loan
Up to $10M
Loan amounts can reach up to $10,000,000 on qualifying Program 7 files.
Important Program 7 Guardrails
No minimum DSCR ratio requirement
Program 7 does not require the property to meet a minimum DSCR ratio. This is different from standard low-DSCR options that may stop at 0.75.
Purchase and refinance leverage are different
Qualifying purchases can reach up to 75% LTV. Qualifying refinances can reach up to 60% LTV. Do not apply the purchase maximum to a refinance.
Program 7 is a higher-rate option
The flexibility on credit and DSCR comes with materially higher pricing than standard-credit DSCR programs.
Program 7 is effectively available in 44 states
Through Get Brick Capital, Program 7 is unavailable in Minnesota, North Dakota, South Dakota, Montana, Utah, and Vermont.
Asset documentation still applies
DSCR does not use W-2s, pay stubs, or personal tax returns for income qualification, but bank and asset statements can still be required for closing liquidity and reserves.
Program 7 Low-FICO and No-FICO FAQ
Related Pages
No Minimum DSCR Program
Program 7 details for purchases, refinances, loan size, and state availability.
STR Purchase, No Minimum DSCR
A Program 7 purchase path for qualifying short-term rental scenarios.
Cash-Out Refinance
Compare Program 7 with other cash-out refinance paths.
DSCR Purchase Loans
Compare standard LTR, STR, and Program 7 purchase options.
Low FICO, No FICO, or Weak DSCR? See Program 7.
No credit pull for the initial quote. Rates within 24 hours.