C3 – Expanded DSCR

Constructive Capital. Down to 660 FICO, 0.75x DSCR, SOFR ARM + Fixed.

Overview

Base Rate

6.750%

Base Points

1.00

Min FICO

660

Max LTV

80%

Min Loan

$50K

Max Loan

$2.0M

Min Note Rate

5.875%

Entity Only

Foreign Nat'l

Min DSCR

0.75x+

STR Min DSCR

1.15

Reserves

6 months PITIA + 1% of UPB

Programs

DSCR

Purchase

RateTermRefi

CashOutRefi

PPP terms available: 5yr, 3yr, 2yr, 1yr

Excluded states: ND, NV, SD

Rate Adjustment Matrices

FICO × LTV

	<=55	55.01-60	60.01-65	65.01-70	70.01-75	75.01-80
780+	0.000	0.000	0.000	0.000	+0.125	+0.500
760 - 779	0.000	0.000	+0.125	+0.250	+0.375	+0.625
740 - 759	0.000	+0.125	+0.250	+0.375	+0.500	+0.750
720 - 739	0.000	+0.250	+0.375	+0.500	+0.625	+0.875
700 - 719	0.000	+0.375	+0.500	+0.625	+0.875	+1.000
680 - 699	+0.250	+0.375	+0.500	+0.625	+1.000	+1.750
660 - 679	+0.625	+0.750	+0.875	+1.000	n/a	n/a

Loan Amount × LTV

	<=55	55.01-60	60.01-65	65.01-70	70.01-75	75.01-80
> $1,500,000	+0.500	+0.500	+0.500	n/a	n/a	n/a
$1,000,000 - $1,499,999	0.000	0.000	0.000	0.000	0.000	0.000
$350,000 - $999,999	-0.125	-0.125	-0.125	-0.125	-0.125	-0.125
$150,000 - $349,999	0.000	0.000	0.000	0.000	0.000	0.000
$100,000 - $149,999	+0.250	+0.250	+0.250	+0.250	+0.250	+0.250
< $100,000	+0.750	+0.750	+0.750	+0.750	+0.750	+0.750

Property Type × LTV

	<=55	55.01-60	60.01-65	65.01-70	70.01-75	75.01-80
2 - 4 Unit Properties	+0.125	+0.250	+0.250	+0.375	+0.375	+0.500
5 - 8 Unit Properties	+1.000	+1.125	+1.375	n/a	n/a	n/a
SFR	0.000	0.000	0.000	0.000	0.000	0.000

DSCR × LTV

	<=55	55.01-60	60.01-65	65.01-70	70.01-75	75.01-80
0.75 - 0.94	+1.000	+1.125	+1.250	n/a	n/a	n/a
0.95 - 0.99	+0.750	+0.750	+0.750	n/a	n/a	n/a
1.00 - 1.15	0.000	0.000	+0.125	+0.125	+0.125	+0.250
1.15+	0.000	0.000	0.000	0.000	0.000	0.000

Transaction Type × LTV

	<=55	55.01-60	60.01-65	65.01-70	70.01-75	75.01-80
Purchase	-0.125	-0.125	-0.125	-0.125	-0.125	-0.125
Rate/Term Refinance	0.000	0.000	0.000	0.000	0.000	0.000
Cashout Refinance (<100,000 Loan Amount)	+0.375	+0.375	+0.375	+0.375	+0.500	n/a
Cashout Refinance (>=100,000 Loan Amount)	+0.250	+0.250	+0.250	+0.250	+0.375	n/a
Cashout Refinance (5-8UN)	+0.250	+0.250	+0.250	n/a	n/a	n/a

Loan Type × LTV

	<=55	55.01-60	60.01-65	65.01-70	70.01-75	75.01-80
Interest Only (10/1 ARM Only)	+0.125	+0.125	+0.125	+0.125	+0.250	n/a
Short-Term Rental	+0.250	+0.250	+0.250	+0.250	+0.250	+0.250

PPP × LTV

	<=55	55.01-60	60.01-65	65.01-70	70.01-75	75.01-80
5 Year PPP (5/4/3/2/1)	0.000	0.000	0.000	0.000	0.000	0.000
3yr PPP	+0.375	+0.375	+0.375	+0.375	+0.375	+0.375
2 year PPP	+0.750	+0.750	+0.750	+0.750	+0.750	+0.750
1 year PPP	+1.000	+1.000	+1.000	+1.000	+1.000	+1.000

UW Exception × LTV

	<=55	55.01-60	60.01-65	65.01-70	70.01-75	75.01-80
Underwriting Exception	0.000	0.000	+0.100	+0.150	+0.200	+0.250

Strengths

Down to 660 FICO

0.75x DSCR at low LTV

SOFR ARM option

STR capable

Individual or entity

Lower base rate than Standard

Avoid When

ND/NV/SD excluded

No foreign nationals

5-8 units: 7.5% min rate + 1.30 DSCR