Investment Loans With No Credit Score Requirement
Available in Georgia, Florida, South Carolina, Alabama, Tennessee
This is an investment property loan with no credit score requirement, no minimum debt service coverage ratio, and no waiting period after bankruptcy. It lends up to 55% of value, so you bring the rest. It exists for investors whose credit or documentation will not pass a normal underwrite but whose deal has real equity in it.
What makes this unusual
Four things, and any one of them alone would be notable. No minimum credit score, and no credit score required at all. No minimum tradeline requirements. No minimum debt service coverage ratio, so the property does not have to hit a coverage test. And one day out of bankruptcy.
There is no credit test, no rental income test, and no waiting period after a bankruptcy discharge.
First-time investors are allowed, which most no-documentation programs exclude. Foreign national and ITIN borrowers are eligible.
What you give up
Being straight about this is what makes the rest credible.
55% loan-to-value. You are bringing 45% down, or leaving 45% equity in on a refinance. That is the whole trade. The lender is not underwriting you, they are underwriting the equity.
A five-year prepayment penalty at 5%, flat, with no buyout and no step-down. This is not a loan to refinance out of in year two. If your plan involves an exit inside five years, the penalty needs to be part of the math from day one.
Investment property only, business purpose. You and your family cannot live there.
The remaining equity rule
Worth understanding carefully, because it can reduce your loan below the 55% you expected. At least $150,000 of equity has to remain in the property after the loan.
On a $300,000 property, 55% would be a $165,000 loan, leaving $135,000 of equity. That is under the $150,000 floor, so the loan gets reduced until the equity requirement is met.
Practically, this means the program works better on higher-value properties. On anything under roughly $335,000, the equity floor is the binding constraint rather than the loan-to-value.
| Item | Detail |
|---|---|
| Loan amounts | $125,000 to $1,500,000 |
| Maximum LTV | 55% |
| Reserves | None |
| Term | 30-year fixed, no interest-only |
| Cash-out | Unlimited |
| Property types | 1-4 units, warrantable and non-warrantable condos |
And who this is not for
Anyone who can qualify a normal way. If your credit and your deal will pass a standard DSCR underwrite, take that instead. You will get a higher loan-to-value, better terms, and no prepayment penalty.
This program is a solution to a problem, not an upgrade.
Common questions
Is there really no credit score requirement?
Correct. There is no minimum credit score and no score is required at all. There are also no minimum tradeline requirements.
How soon after a bankruptcy can I use this?
One day out of bankruptcy. Foreclosure requires twelve months, and only on the subject property.
How much do I have to put down?
45%. The program lends up to 55% of value, and at least $150,000 of equity must remain in the property afterward.
Is there a prepayment penalty?
Yes, and it is significant. Five years at 5%, flat, with no buyout and no step-down. If you plan to exit inside five years, factor it in from the start.
Can I live in the property?
No. This is a business purpose investment loan. Neither you nor your family may live there.
Can a first-time investor use this?
Yes. First-time investors are allowed.
This is not a commitment to lend. Rates, programs, and terms are subject to change without notice. All loans are subject to credit approval and property qualification.