650 Credit Score.Investment Property.Program 7: Up to 60% LTV on Refinance., DSCR Loan Refinance With a 650 Credit Score
- 650 FICO can be considered through Program 7
- Qualifying refinances can reach up to 60% LTV
- No minimum DSCR ratio requirement on Program 7
- Qualifying Program 7 loan amounts can reach up to $10 million
650 FICO no longer sits in a separate 70% Program 7 tier. The current refinance maximum is up to 60% LTV.
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Current Program 7 Rule
650 FICO Can Qualify Under the Up-to-60% Refinance Structure
Program 7 no longer uses the previous FICO ladder that placed 650 in a separate 70% tier. Under the current structure, qualifying refinances can reach up to 60% LTV for low-FICO or no-FICO borrowers.
Program 7 also has no minimum DSCR ratio requirement and can support qualifying loan amounts up to $10 million. Pricing is materially higher than standard-credit DSCR programs.
Through Get Brick Capital, Program 7 is unavailable in Minnesota, North Dakota, South Dakota, Montana, Utah, and Vermont.
Current Program 7 Limits
Refinance
Up to 60% LTV
Purchase
Up to 75% LTV
Minimum DSCR
None
Maximum Loan
Up to $10M
650 Credit Score DSCR Refi FAQ
650 FICO? See the Current Program 7 Terms.
No credit pull for the initial quote. Rates within 24 hours.