{
  "source": "https://defytpo.com",
  "generated": "2026-10-25",
  "notice": "Guideline summary only. Rates and terms change; confirm any scenario in PriceIQ inside DEFY ONE (https://one.defywholesale.com/guest) or with the Deal Desk (https://defytpo.com/dealdesk) before quoting it.",
  "count": 9,
  "programs": [
    {
      "slug": "wealth-builder-dscr",
      "name": "DSCR",
      "type": "Get into the VOLT with No Income, No Employment Business Purpose Lending.",
      "url": "https://defytpo.com/best-wholesale-dscr-lender",
      "bestFor": "Investors using rental income only, No-hassle DSCR transactions",
      "stats": [
        {
          "label": "SCORE",
          "value": "640"
        },
        {
          "label": "Max Loan",
          "value": "$2.5M"
        },
        {
          "label": "Max LTV",
          "value": "80%"
        }
      ],
      "ltvInfo": [
        "80% Purchase",
        "80% Cash-Out"
      ],
      "highlights": [
        "Min DSCR 0.750",
        "80% Purchase / 80% Cash-Out (720+)",
        "Up to $2.5M loan amount",
        "FICO scores as low as 640",
        "No Score / Foreign National eligible",
        "In-House Exceptions",
        "STR income allowed (AirDNA)",
        "30 & 15-Yr Fixed · 30-Yr I/O (10-Yr IO)",
        "Cash-In-Hand up to $1M (≤65% LTV)",
        "First-Time Investor eligible (700+, DSCR 1.00x)",
        "Vesting in LLC / Corp / LP / LLLP",
        "Gift funds OK after 10% borrower contribution"
      ],
      "quickRules": [],
      "ltvMatrix": null,
      "guidelines": []
    },
    {
      "slug": "str-loans",
      "name": "STR Loans",
      "type": "Short-Term Rental DSCR",
      "url": "https://defytpo.com/fast-short-term-rental-loans-for-brokers",
      "bestFor": "Short-term rental investors qualifying on property cash flow",
      "stats": [
        {
          "label": "SCORE",
          "value": "640"
        },
        {
          "label": "Max Loan",
          "value": "$3.5M"
        },
        {
          "label": "Max LTV",
          "value": "85%"
        }
      ],
      "ltvInfo": [
        "85% Purchase",
        "80% Cash-Out"
      ],
      "highlights": [
        "DEFY ONE eligible",
        "80% Cash-Out from $150K–$1.5M",
        "DSCR allowed down to 0.50 (No Ratio)",
        "85% Purchase $150K–$2M",
        "80% up to $3M",
        "IO payment + TIA allowed for DSCR",
        "80% Short-Term Rentals",
        "Available without a broker license in 35+ of the 39 states where we lend",
        "Title allowed in LLC, Corp, or Trust",
        "75% Foreign National (no score)",
        "75% Condotel, Non-Warrantable Condo, Rural",
        "30 / 40 year IO & 40 year Fixed",
        "Flexible guidelines with exceptions",
        "Business funds / cash-out for reserves allowed",
        "Gift funds allowed",
        "First-time investors OK",
        "No primary residence buyers"
      ],
      "quickRules": [
        {
          "label": "Min FICO",
          "value": "640"
        },
        {
          "label": "Min DSCR",
          "value": "0.50x (No Ratio) · 1.00x standard pricing"
        },
        {
          "label": "Loan amount",
          "value": "$150K – $3.5M"
        },
        {
          "label": "Occupancy",
          "value": "Investment / business purpose only"
        },
        {
          "label": "Terms",
          "value": "30-Yr Fixed · 40-Yr Fixed · 30/40-Yr Interest-Only"
        },
        {
          "label": "Income source",
          "value": "Short-term rental (AirDNA or 12-mo history)"
        },
        {
          "label": "Vesting",
          "value": "LLC · Corp · Trust"
        }
      ],
      "ltvMatrix": {
        "caption": "Max LTV by loan amount and transaction type — short-term rental DSCR",
        "columns": [
          "Loan Amount",
          "FICO",
          "Purchase",
          "Rate/Term",
          "Cash-Out"
        ],
        "rows": [
          [
            "$150K – $2M",
            "720+",
            "85%",
            "80%",
            "80%"
          ],
          [
            "$150K – $1.5M",
            "680 – 719",
            "80%",
            "80%",
            "80%"
          ],
          [
            "$2M – $3M",
            "700+",
            "80%",
            "75%",
            "75%"
          ],
          [
            "$3M – $3.5M",
            "720+",
            "70%",
            "70%",
            "65%"
          ],
          [
            "Foreign National (no score)",
            "N/A",
            "75%",
            "70%",
            "65%"
          ]
        ],
        "footnotes": [
          "Condotel, non-warrantable condo, and rural properties cap at 75% LTV.",
          "Cash-out above $1.5M is reviewed as an exception."
        ]
      },
      "guidelines": [
        {
          "heading": "Income & qualification",
          "items": [
            "Qualify on projected short-term rental income (AirDNA) or a 12-month operating history",
            "Interest-only payment plus taxes, insurance, and association dues acceptable for DSCR",
            "First-time investors eligible; no primary residence transactions"
          ]
        },
        {
          "heading": "Reserves & funds",
          "items": [
            "3 months PITIA reserves standard; 6 months above $1.5M",
            "Business funds and cash-out proceeds allowed for reserves",
            "Gift funds allowed"
          ]
        },
        {
          "heading": "Property eligibility",
          "items": [
            "SFR, 2–4 units, condo, non-warrantable condo, condotel, rural",
            "Available without a broker license in 35+ of the 39 states where we lend",
            "Title in LLC, Corporation, or Trust"
          ]
        }
      ]
    },
    {
      "slug": "self-employed",
      "name": "Non-Agency",
      "type": "Cradle to Grave NonQM Programs",
      "url": "https://defytpo.com/self-employed-loans-for-brokers",
      "bestFor": "Self-employed borrowers who can't qualify on tax returns",
      "stats": [
        {
          "label": "SCORE",
          "value": "660"
        },
        {
          "label": "Max Loan",
          "value": "$10M"
        },
        {
          "label": "Max LTV",
          "value": "90%"
        }
      ],
      "ltvInfo": [
        "90% Purchase",
        "80% Cash-Out"
      ],
      "highlights": [
        "Bank Statements - Blend with other income types",
        "1099 Only — Treated as SE",
        "P&L Only — No Bank Statement Options",
        "1-Year SE Options",
        "Asset Inclusion ",
        "40-yr Fixed · 40-yr IO ",
        "Up to 90% LTV No MI ",
        "Use Highest Middle Score",
        "DTI up to 50% (55% Primary w/ comp factors)",
        "Primary · 2nd Home · Investment",
        "Cash-Out up to 80% LTV",
        "First-time Homebuyers allowed",
        "Gift funds for down payment & closing"
      ],
      "quickRules": [],
      "ltvMatrix": null,
      "guidelines": []
    },
    {
      "slug": "5-9-units-mixed-use",
      "name": "5-9 Multi-Units",
      "type": "Small-Balance Multifamily lending",
      "url": "https://defytpo.com/five-to-nine-unit-lending-mix-use-loans-for-brokers",
      "bestFor": "Small multifamily investors acquiring 5–9 residential units",
      "stats": [
        {
          "label": "SCORE",
          "value": "700"
        },
        {
          "label": "Max Loan",
          "value": "$2.5M"
        },
        {
          "label": "Max LTV",
          "value": "75%"
        }
      ],
      "ltvInfo": [
        "75% Purchase",
        "70% Cash-Out"
      ],
      "highlights": [
        "5–9 residential units",
        "DSCR ≥ 1.150",
        "30yr & 15yr Fixed, 10yr IO option",
        "Investment (Business Purpose) only — no owner occupancy",
        "Domestic LLC vesting with personal guarantor (25% min)",
        "12-month seasoning on refinance",
        "Max 2 vacant units (75% market rents for DSCR)",
        "U.S. Citizen or Permanent Resident Alien"
      ],
      "quickRules": [],
      "ltvMatrix": null,
      "guidelines": []
    },
    {
      "slug": "foreign-national-lender",
      "name": "Foreign National",
      "type": "No Credit, DSCR Loans",
      "url": "https://defytpo.com/national-foreign-national-loans-for-brokers",
      "bestFor": "International Clients looking to build wealth in the United States",
      "stats": [
        {
          "label": "Min DSCR",
          "value": "0.75"
        },
        {
          "label": "Max Loan",
          "value": "$3M"
        },
        {
          "label": "Max LTV",
          "value": "75%"
        }
      ],
      "ltvInfo": [
        "Cash-Flow Qual"
      ],
      "highlights": [
        "No Credit Report",
        "DSCR % ≥ 0.750",
        "Foreign Assets Accepted",
        "ITIN borrowers allowed",
        "First-time Investors Allowed",
        "Canadian Citizens w/No Visa"
      ],
      "quickRules": [],
      "ltvMatrix": null,
      "guidelines": []
    },
    {
      "slug": "solonote",
      "name": "Blanket Loans by MORTAVA",
      "type": "Investor Blanket Loan - Wrap Multiple Properties into one note",
      "url": "https://defytpo.com/investor-blanket-loans-for-brokers",
      "bestFor": "Investors consolidating 3–25 properties into a single blanket note to stack equity and build wealth",
      "stats": [
        {
          "label": "SCORE",
          "value": "660"
        },
        {
          "label": "Max Loan",
          "value": "$3.5M"
        },
        {
          "label": "Max LTV",
          "value": "80%"
        }
      ],
      "ltvInfo": [
        "80% Purchase",
        "75% Refi"
      ],
      "highlights": [
        "Wrap 3–25 standalone properties into one note",
        "No Income, Employment, DTI",
        "Up to 2.5M cash in hand",
        "Interest-only solutions",
        "Min property value $50K",
        "AI deal structure analysis",
        "One application, one transaction file",
        "LLC / Corp / Trust vesting allowed"
      ],
      "quickRules": [
        {
          "label": "Min FICO",
          "value": "660"
        },
        {
          "label": "Properties per note",
          "value": "3 – 25"
        },
        {
          "label": "Loan amount",
          "value": "$150K – $3.5M"
        },
        {
          "label": "Min property value",
          "value": "$50,000"
        },
        {
          "label": "Min DSCR (portfolio)",
          "value": "1.10x"
        },
        {
          "label": "Occupancy",
          "value": "Investment / business purpose only"
        },
        {
          "label": "Terms",
          "value": "30-Yr Fixed · 30-Yr w/ 10-Yr Interest-Only"
        },
        {
          "label": "Vesting",
          "value": "LLC · Corp · Trust (personal guaranty)"
        },
        {
          "label": "Max cash-in-hand",
          "value": "$2,500,000"
        },
        {
          "label": "Prepay",
          "value": "5/4/3/2/1 step-down or 3-yr flat"
        }
      ],
      "ltvMatrix": {
        "caption": "Max LTV by loan amount and transaction type (blanket portfolio)",
        "columns": [
          "Loan Amount",
          "FICO",
          "Purchase",
          "Rate/Term",
          "Cash-Out"
        ],
        "rows": [
          [
            "$150K – $1M",
            "700+",
            "80%",
            "80%",
            "75%"
          ],
          [
            "$150K – $1M",
            "660 – 699",
            "75%",
            "75%",
            "70%"
          ],
          [
            "$1M – $2M",
            "700+",
            "75%",
            "75%",
            "70%"
          ],
          [
            "$2M – $3.5M",
            "720+",
            "70%",
            "70%",
            "65%"
          ]
        ],
        "footnotes": [
          "LTV is calculated on the aggregate as-is value of the pooled properties.",
          "Condo, non-warrantable condo, and rural properties reduce max LTV by 5%."
        ]
      },
      "guidelines": [
        {
          "heading": "Qualification",
          "items": [
            "No personal income, employment, or DTI calculation — portfolio cash flow only",
            "Portfolio DSCR ≥ 1.10x using in-place leases or market rents (1007/1025)",
            "Individual property DSCR may fall below 1.00x if the pool clears 1.10x",
            "First-time investors considered with 700+ FICO and 12 months reserves"
          ]
        },
        {
          "heading": "Reserves & funds",
          "items": [
            "6 months PITIA reserves on the aggregate note (12 months above $2M)",
            "Business funds and cash-out proceeds acceptable for reserves",
            "Gift funds allowed after a 10% borrower contribution"
          ]
        },
        {
          "heading": "Property eligibility",
          "items": [
            "SFR, 2–4 units, townhomes, warrantable and non-warrantable condos",
            "Short-term rental income eligible with 12-month history or AirDNA support",
            "No rural land over 20 acres, no ground-up construction, no owner occupancy",
            "Individual release provisions available at par plus release premium"
          ]
        },
        {
          "heading": "Documentation",
          "items": [
            "One application and one transaction file for the entire pool",
            "Entity docs, operating agreement, and personal guaranty required",
            "Leases or rent roll for occupied units; market rent analysis for vacant",
            "12-month seasoning required for cash-out on recently acquired properties"
          ]
        }
      ]
    },
    {
      "slug": "itin-loans",
      "name": "ITIN Loans",
      "type": "ITIN — Full Doc & Alt Doc",
      "url": "https://defytpo.com/itin-loans-for-brokers",
      "bestFor": "ITIN borrowers buying or refinancing primary or second homes",
      "stats": [
        {
          "label": "SCORE",
          "value": "660"
        },
        {
          "label": "Max Loan",
          "value": "$1.5M"
        },
        {
          "label": "Max LTV",
          "value": "80%"
        }
      ],
      "ltvInfo": [
        "80% Purchase",
        "75% Cash-Out"
      ],
      "highlights": [
        "ITIN Loans from  $150K+",
        "PRIMARY, SECOND HOME & INVESTMENT",
        "80% Purchase Money",
        "75% Cash-Out ",
        "Full Doc: 1 or 2-Years",
        "Alt Doc: 12m Bank Stmnts",
        "1-Year 1099 Only or WVOE (w/ 2 mo. bank stmts)",
        "Max DTI 50% across all doc types",
        "15, 30 yr Fixed · 40 yr Fixed w/ 10-yr IO",
        "SFR · 2-4 Units · Condo · Non-Warrantable · CondoTel · Rural",
        "Gift Funds 100% of Closing Costs & Down Payment",
        "First-Time Home Buyers Allowed",
        "Cashout allowed for reserves",
        "No US credit event seasoning required"
      ],
      "quickRules": [],
      "ltvMatrix": null,
      "guidelines": []
    },
    {
      "slug": "dscr-second-mortgage",
      "name": "Investor DSCR 2nd Mtg.",
      "type": "Investor Cash-Flow Qualify - Closed End Second Mortgage",
      "url": "https://defytpo.com/dscr-second-mortgage",
      "bestFor": "Investors tapping trapped equity behind an existing first lien with a DSCR-qualified 2nd",
      "stats": [
        {
          "label": "SCORE",
          "value": "680"
        },
        {
          "label": "Max Loan",
          "value": "$500K"
        },
        {
          "label": "Max CLTV",
          "value": "80%"
        }
      ],
      "ltvInfo": [
        "80% Rate/Term",
        "80% Cash-Out"
      ],
      "highlights": [
        "DSCR ≥ 1.00x (fully amortizing)",
        "Loan amounts $75K – $500K",
        "80% CLTV at 720 FICO (Rate/Term & Cash-Out)",
        "Non-Owner Occupied · Investor / Business Purpose",
        "No reserves required",
        "SFR eligible · 2-4 Units (-5% CLTV)",
        "LLC / Corp vesting allowed w/ personal guaranty",
        "Min 6 months ownership seasoning"
      ],
      "quickRules": [],
      "ltvMatrix": null,
      "guidelines": []
    },
    {
      "slug": "nonqm-second-mortgage",
      "name": "Smart Equity 2nd Mtg.",
      "type": "Bank Statements, P&L Only - Closed End Second Mortgage",
      "url": "https://defytpo.com/nonqm-second-mortgage",
      "bestFor": "Borrowers tapping equity behind a low-rate 1st with income-qualifying full doc or alt-doc 2nd lien",
      "stats": [
        {
          "label": "SCORE",
          "value": "660"
        },
        {
          "label": "Max Loan",
          "value": "$1M"
        },
        {
          "label": "Max CLTV",
          "value": "90%"
        }
      ],
      "ltvInfo": [
        "90% Primary",
        "85% 2nd Home"
      ],
      "highlights": [
        "Loan amounts $50K – $1,000,000",
        "Combined 1st + 2nd up to $5,000,000",
        "Primary, Second Home & Investment eligible",
        "90% CLTV on Primary at 700 FICO",
        "Full Doc, Bank Statements, P&L Only & IO options",
        "Max DTI 50% (43% over $750K)",
        "No minimum reserves",
        "Cash-Out & Standalone Second only"
      ],
      "quickRules": [],
      "ltvMatrix": null,
      "guidelines": []
    }
  ]
}