BRRRR Requirements Depend on the Program
There is not one universal DSCR checklist for every BRRRR refinance. The capital partner determines seasoning, lease, credit, loan minimum, property minimum, leverage, and documentation. The most important completed-rehab option at Get Brick Capital is Program 3, but Program 1 can be a better fit for smaller balances when its seasoning and lease rules are met.
Program 3 Completed-Rehab Requirements
- Minimum FICO: 660
- Minimum loan: $75,000
- Minimum property value: $100,000
- Completed renovation: new ARV can be used immediately
- Lease: not required
- 80% cash-out: 680+ FICO in the fourteen eligible states
- Outside the 80% states: generally up to 75% LTV
Program 1 Is a Different BRRRR Path
Program 1 can go down to a $50,000 minimum loan and $75,000 minimum property value, but it is not the immediate-new-ARV program. For cash-out using a new/current ARV, Program 1 generally requires at least 91 days of ownership and is generally capped at 75% LTV. It also requires a lease.
If that lease is less than 90 days old, the capital partner also requires proof of the security deposit and rent plus evidence those funds were deposited into the landlord's bank account.
What Documentation Is Still Needed?
DSCR income qualification does not use W-2s, pay stubs, or personal tax returns, but the file still requires normal loan documentation. Typical items can include:
- Property and vesting information
- Third-party appraisal
- Current payoff for existing debt
- Rent documentation or supportable market rent, depending on program
- Most recent two months of bank statements for closing liquidity
- Reserve documentation when required
- Renovation documentation when the value increase matters to the program
What About Low DSCR or Low FICO?
A qualifying DSCR option can go down to 0.75, generally with a rate about 1.00% to 1.25% above the standard tier. Program 7 provides a separate low/no-FICO path for purchases and cash-out refinances, with leverage from 50% to 75% depending on the credit tier. Those features should not automatically be assumed to combine with every Program 3 BRRRR feature.
Get the Requirements for Your Actual BRRRR
Send the purchase date, renovation status, completed value, rent, payoff, loan amount, and FICO range. We will match the file to the program that supports it.
Get a Quote →The Bottom Line
The cleanest no-seasoning BRRRR structure is Program 3 after renovation is complete, but it has its own minimum loan, property value, credit, and state rules. Program 1 solves smaller-balance files with different seasoning and lease requirements. See the BRRRR refinance hub and the seasoning guide for the two paths side by side.